NMP - November 2019 - 20

N A M B

P E R S P E C T I V E

A Message From NAMB President Rocke Andrews, CMC, CRMS
We are beginning a big year for loan originators and NAMB. NAMB is
working hard to bring value to our members and to find ways to help
small business originators compete with larger entities and remain in
business for the long haul.
As a successful result of NAMB members lobbying last year in
D.C., U.S. Sens. Jack Reed (D-RI) and Chris Van Hollen (D-MD)
introduced S.2685 as legislation that will help curb the sale of trigger
leads that confuse borrowers-your customers! This bill will make
trigger leads an opt-in for consumers. This will help protect consumer
credit and eliminate the confusion resulting when lenders call your
borrowers after you pull a credit report.
NAMB Education is working on classes to help you run your
business and stay in business, as well as certification classes on VA
loans and credit that have proved immensely popular.
Technology Toolbox is maintaining its great offerings of new
technology available to small businesses that previously was the
domain of large banks. LOS, pricing engines and point of sale (POS)

20

are all available for free or at substantially-discounted prices. The
newest technology will be a NAMB discounted version of Home IQ to
help you market to your databases and real estate agents less
expensively than other options out there.
NAMB+is on the verge of bringing association healthcare to NAMB
members, which will enable you to get healthcare for your business
and employees on par with what larger companies have.
So join NAMB, get the benefits and savings that are several times the
cost of membership. Share these ideas on social media so we can grow
your organization and become a more powerful voice in Washington,
D.C. and bring even more benefits to members. NAMB is growing thanks
to you. Let us know how you would like to join the effort.
Rocke Andrews, CMC, CRMS is president of NAMB. He
may be reached by e-mail at Rocke.Andrews@NAMB.org.

Protecting Your Most Valuable Assets Made Easy

NOVEMBER 2019 n National Mortgage Professional Magazine n

NationalMortgageProfessional.com

By Michael Haffey

Most people don't like to talk about life insurance or disability
insurance, but most financial planners will tell you that these are
the two most important insurance products to buy.
If you are sick or hurt, disability insurance continues to pay the
bills when you can't. If you meet with your untimely demise, life
insurance pays your family a tax-free lump sum to cover expenses
going forward.
Most people think that life insurance and disability insurance are
expensive and tough to get.
This may be true for some, but as a member of the National
Association of Mortgage Brokers, you now have easy access to the
coverage you need as part of NAMB's new health plan program
offerings. NAMB's program offerings provide competitive rates,
combined with plans that can be issued and approved with just a
phone call, making it easy to get the insurance that you need,
precisely when you need it.
But how much insurance do you actually need? Financial
planners agree that you should have at least 10 to 12 times your
income in life insurance coverage. And when it comes to disability
insurance, buying a plan that provides 66 percent to 70 percent of
your normal income is usually adequate.
According to the Council for Disability Awareness, at least one
out of every four workers will become disabled at some point
during their working career. Disabilities can arise in varying forms,
from accidents on the job to debilitating illnesses like cancer or a
heart attack. So, the real question is, should you spend three
percent of your income to ensure your income?
Life insurance has several purposes. Of course, it can pay for
funeral and burial expenses, but it can be used for even more
important purposes, such as income replacement, to pay for
children's education, pay off mortgages or other debts, and to
protect and supplement retirement savings.
As a business owner, you might think that life insurance is just

to protect your family, but life insurance can play a big role on the
business side too. In fact, life insurance for small business owners
is an essential part of planning for the future of your company. If
you own a business, it's important for you to have life insurance for
your family and life insurance for your business.
Life insurance for buy-sell agreements or "Keyperson"
coverages, as well as business overhead disability insurance
programs, are all offered through this new NAMB program.
Whether you're looking for individual coverage or coverage for your
business, we can make it easy and inexpensive for you to get the
coverage you need!
So where can you get it?
Check out our new instant issue and accelerated underwriting
options online at GetPendella.com/NAMB-GetAQuote.
The cost of life insurance is based on your health, which means
that life insurance is medically underwritten. In the past, this
process could take weeks. However, Pendella has access to new
and modern underwritten policies, meaning that we can provide
fast, convenient access to the coverage that you seek. We also
have licensed agents ready to answer your questions and assist in
helping you secure the coverage that you need.

Michael Haffey is managing partner, association member
benefits for Pendella. Michael's passion is creating and
deploying innovative strategies to assist employers and
their employees in controlling their health insurance
spend, while allowing access to the best healthcare and
moving them towards real wellness and total health spans
over 30 years. He may be reached by phone at (833) 7363355, ext. 706 or e-mail Michael@Pendella.com.


http://www.NationalMortgageProfessional.com http://www.GetPendella.com/NAMB-GetAQuote

NMP - November 2019

Table of Contents for the Digital Edition of NMP - November 2019

Contents
NMP - November 2019 - CT1
NMP - November 2019 - CT2
NMP - November 2019 - Cover1
NMP - November 2019 - Cover2
NMP - November 2019 - 1
NMP - November 2019 - Contents
NMP - November 2019 - 3
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