Category Archives: Life Event

Why are People Afraid of Life Insurance?

18 Oct

No one likes to think about it, but we all know we’ll die someday. We also know no matter how many kale smoothies we choke down, the chances of us passing on before our children run fairly high. Why is it, then, so many people have difficulty talking about life insurance? Life insurance is a valuable financial planning tool which can ensure your family has the resources they need to recover emotionally from your death without encountering serious economic hardship. The right coverage ensures you have the peace of mind knowing if an accident claims your life tomorrow, your family can pay for your funeral and take time off work to mourn. Finally, if you have younger children, the right coverage can launch their college education and future career. Here’s what you need to know about life insurance, so you can make the best decision for you and your family. More>>

Why Term Insurance Is the Answer … Sometimes

11 Aug

Guest contributor: Jason DeMeo, ChFC, LUTCF, FLMI, is a business development specialist at Crump Life Insurance Services.

Let’s say you have a client who is in the peak of earnings potential, and you have discussed life insurance with them. You have determined how much insurance the client needs and how long the client should keep it. You have settled upon a term insurance policy to cover the current value of their future income over their remaining working years (let’s say it’s 20 years), although early retirement has not been ruled out. However, we know that life doesn’t always work out as we plan. More>>

How to Help Someone Who is Grieving

9 Aug

Losing a loved one can be devastating. Not only do the survivors of the deceased have to figure out how to heal and move forward with their lives, but they also have to fill in the financial holes left behind.

If you’re close to someone who’s lost a loved one, you want to help them in any way you can. For many of us, though, it’s difficult to know what to do or say. There’s no definitive “right” way to support a friend or relative that’s grieving. Everyone deals with loss differently. There are, however, some good guidelines to follow when you want to help. More>>

10 Reasons to Think About Increasing Life Insurance Coverage

19 Jul

The only constant in life is change. Your life today probably looks a lot different than it did a decade ago. At that time, you may have been in college, moving out of your parents’ house to live on your own. Now, you’re a parent yourself, welcoming a new life into the world. Just as we change over time, so do our needs for life insurance. More>>

How Should I Manage My Disability Insurance Policy

31 May

It’s a good idea to review your disability insurance whenever you experience a big life change. That’s because the need to protect your future income stream becomes more urgent when new people depend on your earnings or you take on (or pay off) debt. Life changes that should trigger a disability insurance review include: More>>

‘I Sure Could Have Used Life Insurance’: 3 True Stories

21 Dec

Life insurance is one of those things—you don’t want to learn how important it is once it’s too late. But that doesn’t mean we know all the right things to do when it comes to getting a policy. Here, three LearnVesters share their stories about life insurance, and how it could have—or did—make all the difference. More>>

How Age Affects Life Insurance Rates

26 Oct

Thinking of purchasing new life insurance? Before you make a commitment, it’s important to understand how the annual premium for a policy is determined. Playing the biggest role in how much you’ll pay: how old you are. More>>

Life Insurance Death Benefits

19 Oct

Life insurance comes with a number of advantages. One of the biggest draws is being able to financial support your family members after you pass away. Most life insurance policies include a death benefit, which your beneficiaries receive after your death. That money can be used to cover funeral expenses, repay outstanding debts and replace lost income. More>>

October is Breast Cancer Awareness Month

12 Oct

2020 has been a powerful reminder that we are all in this together, and our choices and actions have the power to protect the most vulnerable among us in a big way. The same holds true when it comes to breast cancer. By uniting as a community that recognizes the value of all women, we can work ToGetHer to make sure every woman has access to education, screening, treatment, support, and hope, regardless of her circumstances. More>>

I’m Convincing my Fiancé to get Life Insurance Before our Wedding for Four Reasons

31 Aug

After my partner and I got engaged, we finally had some tough financial conversations that had been lingering between us for years. When we dated, we talked about our money situations quite a lot, but never from the perspective of how we’d one day blend our finances or plan for the future. More>>