4 Steps to Figuring Out How Much Money a Client Needs to Retire

15 Jun

Retirement can account for one-third or more of your clients’ adult lives, and those years are not cheap. Property taxes rise in tandem with increasing property values. Then there are health care and increasing prescription drug expenditures on top of long-term care expenses.

It’s no surprise that most Americans do not have enough money saved for retirement. Walking your client through these four steps can help them figure out how much to save (and, eventually, how much to withdraw). More>>

Here’s the Type of Insurance You’ll Need at Each Stage of Life, Experts Say

2 May
What type of insurance should you have at different stages of your life? When asked, financial advisors pointed to disability and life insurance as the most important kind of coverage at any stage, as they apply throughout our lives. In addition, advisors discussed often overlooked considerations for different points in your adult life. Here’s a look at some age-specific insurance advice, from your days at university to your golden years of retirement. More>>

Grateful

24 Nov

We are approaching Thanksgiving, and showing gratitude has been directly linked to increased happiness. Increased happiness has been linked to increased productivity. So be thankful that you opted for a sales career in financial services. Here are five reasons why you should be grateful: More>>

How to Pay for Long-Term Care When You Are Not in Perfect Health

22 Nov

A popular bit of advice is to purchase long-term care insurance in your 40s or 50s because you can get it when it is most affordable — and before you find yourself with health conditions that could leave you uninsurable. But what happens when you are diagnosed with an unexpected illness or become chronically ill at an early age — before you’ve had a chance to buy long-term care insurance? More>>

Three Surprising Facts You May Not Know About Long-Term Care Insurance

15 Nov

Among the most heart-wrenching pictures during the first months of the pandemic were images of the impact it had on our most vulnerable populations: our elders. Birthday parties through windows, the isolation of lockdowns – many people wished they were living in their own homes with the freedom that brings. The problem is that many people don’t plan for care. If you don’t have a plan for what can happen if you need care, it can cause stress – to your finances, your health and your family relationships. More>>

Introducing New Content for Long-Term Care Insurance Awareness Month

3 Nov

November is Long-Term Care Insurance (LTCI) Awareness Month. While Life Happens does not oversee or coordinate this campaign, we think it’s important to support our members who work with this product. It’s a month when the industry comes together to share the message that getting long-term care insurance can cover the cost of care when you need it most. This guide provides strategies and tips you can use to participate in November’s Long-Term Care Insurance Awareness Month. More>>

Long Term Care Insurance 101

1 Nov

Did you know that neither your health insurance nor Medicare would pay for extended long-term care services in the event that you needed them in the future? If you develop a chronic illness or become disabled and can no longer care for yourself for an extended period of time, you’ll need long-term care services. Here are some answers to common questions about long-term care insurance to help you figure out if it’s right for you. More>>

The Life Insurance Industry Provides Coverage and Protection Options for All Genders

7 Jul

Guest contributor: Chris Cook, serves as senior vice president and head of underwriting at Crump Life Insurance Services.

Today’s life insurance industry has products available that are inclusive of the needs of all consumers, including the 1.4 million adults in the U.S. who identify as transgender. Whether the need is for mortgage protection, estate planning, financial security for a spouse or children, or living benefits such as retirement income or long-term care, there are products designed to fit the specific need. Most important, with innovations such as accelerated underwriting programs, the process of obtaining coverage has never been easier. More>>

16 Commonly Misunderstood Insurance Words

7 Jun

Underwriting, premiums, contestability period—terms like these can make insurance words seem like a foreign language.

Fortunately, a good insurance professional can help you make sense of it all. So can the definitions below. We explained them in recognition of Financial Literacy Month. Read on to understand some commonly misunderstood insurance words. More>>