Disaster Mortgage Insurance. Sounds important. But if your member has a mortgage, they already have homeowners insurance; it’s required. So who cares? Why consider another layer of protection? Wouldn’t the benefits be included in a typical homeowner’s policy if it really mattered? And most importantly, if a member wanted it,…
Bad Things Can Happen. At Home. Our homes are special places. Yet they’re also delicate, vulnerable to disasters bringing total destruction or “typical” problems demanding your immediate attention. And after the initial securing of loved ones and accessible property, what’s everyone’s first thought? How much is this going to cost?…
In 2018, 27.5 million Americans went without health insurance. That’s 8.5% of the population. This data is from a Census Bureau report, and it should shock you. Even worse, it was an increase of 1.9 million over the previous year. Hospital costs in 2017 averaged $3,949 per day. Each hospital…
Accidental Death & Dismemberment Insurance (AD&D) is a familiar topic to you and your financial institution. In fact, reading this, I bet your first thought is, “I know quite a bit about it. What else is there to discover?” That’s a fair assessment. It’s been a part of your institution…
Life Insurance: The Need Only 59% of Americans have any type of life insurance. That’s a concern, and it goes deeper. According to life insurance industry group, LIMRA, nearly half of U.S. households are underinsured, with an average coverage gap of $200,000. This brings to mind GoFundMe campaigns for funeral…