2279: Is Life Insurance Really a Good Investment? by Jeff Rose

Optimal Finance Daily - Financial Independence and Money Advice

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Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 20 April 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jeff Rose talks about the value of life insurance Episode 2279: Is Life Insurance Really a Good Investment? by Jeff Rose Jeff Rose, CFP® is a Certified Financial Planner™, founder of Good Financial Cents, and author of the personal finance book Soldier of Finance. Jeff is an Iraqi combat veteran and served 9 years in the Army National Guard. His work is regularly featured in Forbes, Business Insider, Inc.com and Entrepreneur. The original post is located here: https://www.goodfinancialcents.com/life-insurance-as-an-investment/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily Episode 2279.
0:04.7	Is Life Insurance Really A Good Investment by Jeff Rose of GoodFinancialSense.com
0:10.6	And I'm your host and personal finance enthusiast, Diana Mariam.
0:14.0	I'm excited to be back with you once again and grateful to have you here.
0:18.7	So let's get right into today's reading and start optimizing your life.
0:27.0	Is Life Insurance Really A Good Investment by Jeff Rose of GoodFinancialSense.com
0:33.9	Most people want to know their families will have a secure financial future.
0:38.0	When you start planning for how you'll care for your family years from now, it's likely
0:42.2	that you'll consider a variety of options.
0:45.1	Life Insurance should be among the possibilities you study.
0:49.0	Life Insurance protects your assets and offers you a chance to help keep your family in
0:53.2	a comfortable lifestyle after you're gone, or even assist a grandchild with paying
0:58.0	for a college education.
1:00.1	Depending on the life insurance you choose, you could even draw cash from the policy
1:04.1	in the events of an emergency or a promising opportunity.
1:08.3	There are two basic types of life insurance, term life and whole life.
1:12.9	People value the two for different reasons, and they offer diverse benefits.
1:17.4	Each of them has a different set of advantages and disadvantages that you have to weigh.
1:22.3	There's a little more about the differences.
1:25.5	Term Life Insurance
1:27.5	Term Life Insurance is life insurance for a set amount of time, or term, 10, 20, or 30
1:33.3	years.
	...

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