Life Insurance Underwriting: Frequently Asked Questions

20 Sep

Part of being an adult is recognizing that you have a sense of responsibility toward others — especially your loved ones. If you were to pass away expectantly, you’d still want them to be cared for in your absence. That’s why you’ve thought ahead and decided to get life insurance. However, before you can check the “I’m insured” box, there’s a step in the process. And that’s underwriting — a process that many people applying for insurance don’t understand. That is, until now. Read on to learn about the basics of underwriting and how it can affect you. More>>

Life Insurance Awareness Month 2021

15 Sep

Life Happens created and coordinates the Life Insurance Awareness Month (LIAM) campaign every September. This year, Life Happens is collaborating with singer, songwriter, producer and humanitarian Kelly Rowland for LIAM. By partnering with Life Happens as LIAM spokesperson, Kelly wants to help Americans get the knowledge they need to take-action with life insurance through this year’s theme: With life insurance, I’ve got you. Crump Life Insurance Services supports Life Happens and its mission to educate consumers. Check out these turnkey marketing resources to help make it easy to get your campaign off the ground … even if you think you don’t have the time! More>>

Life Insurance Awareness Month is Here: Kelly Rowland & Life Happens Urge You to Talk About Life Insurance

13 Sep

Life Happens launched its annual Life Insurance Awareness Month (LIAM) campaign with four-time Grammy award-winning singer, songwriter, producer, humanitarian and mother Kelly Rowland. While known for her musical contributions both through her solo career and in Destiny’s Child, off the stage, Kelly has the important role of mother to her two sons, Titan and Noah.

Like any parent, Kelly does everything she can to protect those she loves, including safeguarding her family’s financial future with life insurance. Here’s what she had to say when asked about what having life insurance meant for her and her family. More>>

The Impact of Genetic Testing on Life Insurance Coverage

8 Sep

Guest contributor: Adrienne Wilson, FALU, ACS, FLMI, CLU, ChFC, is an underwriting consultant at Crump Life Insurance Services.

Our society’s ever-increasing emphasis on healthy living and longevity has rapidly sparked an interest in direct-to-consumer genetic testing kits such as 23andMe and Ancestry. Also, recent scientific breakthroughs have encouraged the use of genetic testing in the medical field, especially in the treatment of patients who may have an increased genetic predisposition to certain diseases.

While knowledge is power, and these new technologies may ultimately assist physicians in minimizing their patients’ future risk of developing certain ailments, there are also drawbacks to genetic testing that may not be readily apparent. More>>

Kelly Rowland Shares Her Life Insurance “Why”

6 Sep

You may know Kelly Rowland as an award-winning singer, songwriter, producer and humanitarian. But she’s also a mom to two young boys, and this September, she’ll join us as the spokesperson for Life Insurance Awareness Month (LIAM), coordinated by Life Happens, to share the important message that life insurance is her way of saying to her sons, “I love you. I’ve got you, and I’m seeing to your future no matter what.”

Life Insurance Is About Protecting the Ones You Love. More>>

September is Life Insurance Awareness Month

1 Sep

Guest contributor: Alysia Bell, insurance strategist at Crump Life Insurance Services.

If there is one thing we’ve learned through the pandemic, it’s that life is fragile and it’s important to prepare for the unexpected. Our hope is that this heightened awareness will encourage more Americans to get the life insurance coverage they need.

Recent LIMRA research shows that 36% of Americans plan to purchase life insurance this year. More>>

5 Things That Cost the Same (or More) as Life Insurance

30 Aug

Most people would say their family’s financial security is high on their list of priorities. And yet it’s hard to get excited about budgeting for life insurance.

A big part of that hurdle is cost — or, rather, perceived cost. The 2021 Insurance Barometer Study by Life Happens and LIMRA found that more than half of consumers surveyed overestimate the cost of life insurance by 300% or more. Younger Americans are likely to overestimate the cost by as much as six times! More>>

How Life Insurance-Based Executive Benefits Can Motivate Loyalty

25 Aug

Guest contributor: H.L. Vogl, JD, CFP, is director, advanced sales at Crump Life Insurance Services.

As the economy emerges from the pandemic, attracting and retaining top talent has emerged as a high priority for businesses of all sizes and industries. Working at home and in hybrid models has loosened ties to the office and made employees more mobile, putting employers around the country in competition for top talent, wherever they live. And a few weeks ago, President Joe Biden issued an executive order asking the Federal Trade Commission to develop regulations to “curtail the unfair use of non-compete clauses and other clauses or agreements that may unfairly limit worker mobility.” More>>