3224: Why Get Life Insurance If You're Financially Independent by Financial Samurai on Being Self-Insured and Financial Protection

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 25 July 2025

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3224: Sam challenges the assumption that financial independence eliminates the need for life insurance, offering seven compelling reasons to maintain or purchase a policy, even when you can self-insure. From estate liquidity to tax efficiency and protecting future dependents, he outlines how the peace of mind life insurance brings often outweighs the cost, especially for those with families or complex asset portfolios. Read along with the original article(s) here: https://www.financialsamurai.com/get-life-insurance-financially-independent-can-self-insure/ Quotes to ponder: "You may leave behind stocks, bonds, real estate, fine art, and collectibles, but they require an extra step to become liquid." "If you think you’ve got a greater chance of dying before the term limit is up, then life insurance becomes a better deal." "Providing peace of mind to your loved ones is a major reason why people buy life insurance." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:30.1	I've ruled out uni because I want to live at home.
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1:00.6	This is Optimal Finance Daily. Why get life insurance if you're financially independent?
1:06.6	By Sam of Financial Samurai.com.
1:10.5	I'm often asked, why get life insurance if you're financially independent?
1:15.3	It's a good question that merits a deep dive.
1:18.9	I became financially independent in 2012 and have life insurance because I had children in 2017
1:25.3	and 2019.
	...

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