Life Events

Article Written By: Lauren Hoeffel What’s in this article? What is Disability Insurance? Why Do People Need Disability Insurance? How Does Disability Insurance Work? What’s Considered a Disability? How Much Does Disability Insurance Cost? Do You Already Have Coverage? Common Myths About Disability Insurance How to Choose the Right Disability Insurance Policy Is Disability Insurance…

Article Written By: Lauren Hoeffel Over the past decade, “digital first” has become a defining strategy across the financial services landscape. Credit unions have invested heavily in mobile banking platforms, AI-powered chat tools, online lending portals, and automated member communications. And for good reasons: today’s members expect fast, intuitive, and secure digital experiences. But somewhere…

Article Written By: Lauren Hoeffel Every day, big banks dominate headlines, ad budgets, and market share. The largest banks control much of the financial services industry, leaving thousands of smaller institutions to compete for the rest. So, it’s natural for credit union leaders to ask: “How can we realistically compete with big banks?” Credit unions…

Article Written By: Lauren Hoeffel Term life insurance is often described as the simplest and most affordable type of life insurance. And in many cases, that’s true. It offers straightforward coverage for a specific period of time—typically 10, 20, or 30 years—and pays a death benefit if you pass away during that term. But here’s…

Article Written By: Lauren Hoeffel Spring cleaning isn’t just for closets and garages. It’s also the perfect time to clean up the financial stuff you don’t look at often… but really should. And at the top of that list? Your insurance. Because here’s the truth: most people buy life insurance, set it, and forget it.…

Article Written By: Lauren Hoeffel If you work at a credit union, you’ve probably heard some version of this from members: • “I’m doing everything right… Why do I still feel behind?” • “Should I pay off debt first or start investing?” • “Is buying a home even realistic anymore?” • “What should I do…

Article Written By: Lauren Hoeffel If you’ve ever searched “How does life insurance work?” or “Do I really need life insurance?” you’re in very good company. At The Family Security Plan, we talk to hardworking families every day—parents, caregivers, nurses, teachers, union members, and people balancing real responsibilities. And one thing is always true: most…

Article Written By: Lauren Hoeffel When it comes to life insurance, many people put off purchasing a policy until they’re older, married, or have children. However, buying term life insurance when you’re young can be a smart financial move, providing numerous benefits that can last a lifetime. Lower Premiums The younger you are, the lower…

Article Written By: Lauren Hoeffel Credit unions exist to improve their members’ financial well-being. Yet when insurance options—such as life, disability, or supplemental health—are introduced, many members still decline. This isn’t because insurance is unnecessary. More often, it’s because important questions and concerns haven’t been fully addressed. At its core, this is an education gap.…

Article Written By: Lauren Hoeffel Life insurance is often viewed as a necessary expense, providing a death benefit to protect loved ones from financial hardship. However, it can also be a strategic investment and wealth transfer tool, offering benefits beyond its core function. Investment Benefits • Tax-Deferred Growth: Permanent life insurance policies, such as whole…