74. The TLDR on Life Insurance with Ladder

Financial Feminist

Her First $100K

Self-improvement, Education, How To, Business

4.7 • 6.2K Ratings

🗓️ 2 March 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you’re already queasy seeing today’s title –– we’d invite you to push through. Whenever we talk about life insurance, we’re inevitably met with some resistance to talk about the hard subject of death –– but as Ladder’s Janette Angelini shares with us in this episode, Life Insurance is one of the most selfless things you can to for the loved ones in your life. That doesn’t stop there from being “bad” ways to look at life insurance. Today, Tori and Janette discuss the basics of life insurance, how to avoid scams (we’re looking at you, universal life), and why you need to consider this valuable service sooner rather than later. Learn more about our guests, read transcripts, and get additional resources on our show notes page: www.financialfeministpodcast.com Learn more about Ladder (affiliate link): https://ladder.pxf.io/herfirst100k Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hello financial feminists. Hello. Okay, you saw this title and you're like, I hate it. I get it. I know.
0:05.1	You're like, we're talking life insurance? Yes. Okay. We don't like to think we'll ever need life insurance.
0:12.0	We do. Life insurance is like it's the thing that you do in murder mysteries to make sure that you like,
0:16.9	you know, definitely, you definitely didn't kill your husband, but you need the life insurance policy.
0:21.0	That's what I think of at least. And then I also think of death because of course. And you're like,
0:25.4	I don't want to talk about that today. I need you to want to talk about it because it's not about
0:30.8	people dying. It's about protecting your loved ones. And that is truly one of the greatest gifts you
0:35.7	can give someone in a previous life in my corporate job. I worked for a company that was talking about
0:42.0	wills and trusts and life insurance and no one wanted to discuss it. It's kind of like money,
0:45.4	right? No one wanted to talk about it. However, I saw firsthand just how much suffering and grief
0:51.4	and just like really shitty things people went through when they didn't have all of this in place or
0:55.5	when they at least weren't willing to learn and talk about it. But we are talking about it today
0:59.4	in a really accessible way and with no misinformation. I get so many comments on Instagram and TikTok
1:06.7	and you've seen these videos about people trying to sell indexed universal life insurance or whole life
1:12.0	insurance. And they say, oh, you need to use your life insurance as an investment. And oh,
1:16.9	Ratharees are stupid. And like, I need to say this at the top of the episode indexed universal life
1:24.0	insurance is a scam. It is not a good investment vehicle. You will pay thousands or more to literally
1:30.5	just line an agent's pocket. They are there selling you an indexed universal life insurance policy
1:36.2	and I you will policy not for your benefit, but to make money. There are so many ways to invest. And
1:41.6	this one is just not a good one. But life insurance is a good one. Things like term life insurance.
1:47.3	And we're going to talk about all of these things in the episode usually solo episodes are just me.
1:52.4	But we wanted to bring in an expert today to shed a little extra light on the ins and outs of life
	...

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