Five Reasons Why Americans Buy Annuities

21 Jun

A smart way to help protect your retirement portfolio is to be diversified. This gives you opportunities in retirement to take income from assets not affected by market fluctuations, protecting your overall retirement investments. And that’s one of the many benefits of diversifying your retirement portfolio with fixed annuity products. More>>

June is Annuity Awareness Month

9 Jun

Guest contributor: Brendan Connerton, serves as Director, Annuities at Crump Life Insurance Services.

Whether searching for yield for continued growth, locking in market gains, or planning for income in retirement, annuities have clients covered.

June is Annuity awareness month and a perfect time for you to have conversations with your clients around protection and guarantees for both accumulation and income. More>>

5 Ways to Become More Financially Literate

26 Apr

The term “financially literate” means understanding how to manage your money – from debt management to saving and investing, to preparing for retirement. The more you know about how to handle your finances, the better decisions you’ll be able to make in the present and for your future. But how do you get up to speed? In honor of April being Financial Literacy Month, here are 5 tips that you can use right away to improve your financial literacy. More>>

Many Americans Now Aspire to Retire by 55

29 Mar

Full-time retirement is making a resurgence at an earlier age with one third (38%) of current U.S. pre-retirees[1] currently under age 54, and an estimated 11.5M households with breadwinners under age 55 saying they “Aspire to Retire by 55,” according to a new report by Hearts & Wallets, the research and benchmarking firm that specializes in how consumers save, invest and seek financial advice. More>>

The ‘Napkin Concept’ Showing LTCi’s Impact on Tax Planning

25 Mar

Guest contributor: Eileen Shovlin, regional director, sales, at Crump Life Insurance Services.

Many financial professionals don’t include long-term care insurance when tax planning with their clients. However, for clients in certain tax brackets, increased income to pay for extended care expenses could negatively impact their tax bill. More>>

Disability Insurance Protects Clients as Well as Advisors

24 Feb

Guest contributor: Kenny Russell, director, disability sales for the Disability Solution Center at Crump Life Insurance Services.

If you have clients who are in their working years, you have a number of issues to discuss with them: investments, retirement planning, property/casualty coverage and other insurance products. However, if you are not already doing so, consider discussing disability insurance with clients — as they may not be aware how much a disabling event may affect them financially. More>>

The 2 Things Your Clients Need to Know About Life Insurance

27 Jan

Advisors have the opportunity to be Romostradamus for their clients by clearly explaining two concepts in permanent life insurance policy design — funding level and growth potential. These two basic levers are easy for clients to understand and can readily help advisors explain why one policy type or structure would be a better fit for a client’s goals than another structure. More>>

2 Ways to Use the SECURE Act to Drive Planning Opportunities

13 Jan

Guest contributor: Ken Diltz, sales director, national accounts, with Crump Life Insurance Services.

Here are two simple ways to start the conversation about assets having enjoyed tax-deferred growth. As you help your clients analyze their needs into and throughout retirement, we often find that clients’ goals change, and we may have some of best solutions in the financial marketplace right now to meet the moment – delivering peace of mind, leverage and the relationship-building necessary to grow your practice into the future. More>>

Money Moves You Will Be Thankful For

28 Dec

There is no time like the present to start improving your finances. “Procrastination is the No. 1 reason people fail in retirement,” says Luke Lloyd, wealth advisor and investment strategist with Strategic Wealth Partners in Independence, Ohio.

However, it’s not just your retirement that will benefit from being proactive about finances. You can save money on debt, eliminate headaches for your heirs and free up cash for the things you want by making the following 14 expert-backed money moves. More>>

Here’s What You Need to Know About a Long-Term Care Insurance Policy

16 Nov

So, you’ve made the decision to learn more about long-term care insurance. That’s smart, as neither health insurance nor Medicare would pay for extended long-term care services in the event that you needed them in the future. Plus, there’s about a 70% chance you’ll need some type of long-term care after age 65, according to government stats. And given that the cost of long-term care can quickly deplete your life’s savings, it just makes sense to add it your financial plan. More>>