180-How Life Insurance Policies Actually Work
Radical Personal Finance
Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
4.2 • 1.9K Ratings
🗓️ 17 April 2015
⏱️ 80 minutes
🧾️ Download transcript
Summary
Today, I share with you the framework knowledge of how life insurnace policies actually work. Once you understand these basic concepts you'll be able to look at any type of insurance policy and more easily understand its use.
Topics include:
- Assessment life insurance
- Yearly renewable term life insuance
- Level premium life insurance
- The factors that affect life insurance policy pricing
- The five types of life insurance policies
Enjoy!
Joshua
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Transcript
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| 0:00.0 | Radical Personal Finance is a community supported project supported directly by listeners of the show. |
| 0:07.0 | If you would like to support the show financially, please go to Radical Personal Finance.com |
| 0:12.0 | slash patron. |
| 0:13.5 | You can support at any level and I thank you for that. |
| 0:18.6 | Today on the show, let's continue our life insurance series. |
| 0:22.4 | And I'm going to teach you today how life insurance |
| 0:25.3 | policies actually work. This will be a framework that you'll be able to use in the |
| 0:29.4 | future as you're making your choices and with this framework in your mind you'll be able to |
| 0:35.6 | look at any life insurance policy and understand the advantages and disadvantages of |
| 0:41.7 | it. Let's go. Welcome to the Radical Personal Finance Podcast. My name is Joshua Sheets. Thank you for being here. This is episode 180 of the show and |
| 1:07.0 | yes, we're continuing with life insurance. But I think you'll like it. I might actually take two of this show already recorded the show and wasn't happy with it. |
| 1:15.0 | So we're redoing it and I think that means that it is going to be awesome. Awesome. Or awesome at least is the goal. |
| 1:33.0 | I'm going to deliver on it. |
| 1:35.0 | You know what, none of this hedging around that I often do. |
| 1:37.0 | This show is going to be awesome, I promise. |
| 1:40.0 | It will be awesome. |
| 1:41.0 | Now, time to deliver. Before I get into life insurance. I thought it would be interesting I'm just going to share a few minutes just a little bit of personal background |
| 1:48.3 | Little behind the scenes stuff on the show. I they don't do this a lot, but I will this week. Those of you who listen to the show every day when it comes out, |
| 1:56.0 | you'll notice that it's been a, I mean it says actually Friday at 420 PM as I'm sitting down to record this show and this show was was on the topic list to be Wednesday's show |
| 2:07.4 | This is April 17th as I record and it'll be released today on April 17th unless I flub it and have to re-record it like I did yesterday. |
| 2:16.1 | But sometimes, you know, it's very easy to feel all alone and I'm going to share a little bit of the |
| 2:20.4 | challenges of my week so that you don't feel alone with your with |
... |
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