I'm not going to lie to you guys. Today's episode is not going to be the sexiest. We are talking about insurance, but it might be the most important. So today I'm going to go through insurance, but oftentimes insurance is just overwhelming. I'm going to imagine a lot of you have thought to yourself, yep, I know I need disability insurance, or yep, maybe I do need more term life or homeowners or flood insurance, but it's overwhelming.'t know what I do need I don't want to pay for something I don't need so you get that paralysis analysis and you do nothing and that's what a lot of people do and don't beat yourself up if that is you today I'm going to tell you and really show you a framework so you can go yep Ari I get it I need that. I need that or nope, I don't need that. I'm

glad I didn't get it. I don't want any of you overinsured paying for anything you don't need, but I also don't want you going, oh my gosh, there's one cost. If I would have just paid this amount every month, you're telling me I could have avoided this huge cost over time. Some people even say, Ari, when you talk about investing, that's not sexy, but it's important. I would argue,

to me, investing is the fun side of talking about all this planning. I'd say even tax planning, really exciting because no one loves paying taxes. However, insurance oftentimes does not light people up. And I get it. It's boring until it's not. And so I just want to make sure it's not overwhelming. You guys walk away from this episode going, yep, I know what I need to know about insurance. Now, I made a post in my YouTube community page and I said, insurance is boring until it's not. It's overwhelming, though. What should you buy? Long-term care, commercial, umbrella, disability, health, renter, security, auto, health, home life. It goes on and on and on.

Now, I received a few interesting comments from you guys. One comment came from Mike, and Mike says,

I love a home warranty. Whether you're a first-time homeowner or you're on your 10th, it saved me

thousands on refrigerator repair, ice machine repair, heat pump, he goes, yes, the whole thing,

I have a brand new one now, septic pump replacement, the list goes on, 600 machine repair, heat pump, he goes, yes, the whole thing, I have a brand new one now,

septic pump replacement, the list goes on, 600 to 700 bucks here has produced one heck of a return,

and Mike, it sure does sound like it. Then someone by the name of DB commented and says,

there have been several times, either my travel, auto, or property insurance has refused to pay

my claims. Check out how many Floridians,

like myself, have had their claims denied. Personally, I avoid all insurances except when it's clearly

necessary. And so hard to, of course, know when it is necessary. And in my opinion, this is why

there's so much confusion in this space. No one is really clear on how much they do need.

They also know that it's important, but it's also not fun to talk about. So we're going to in the next 10 minutes really distill this down. So you're going to know exactly what you need to be aware of and what you don't. So we're going to start going through this. Now, as I said at the beginning, investing can be sexy, no one loves paying taxes, insurance isn't, but it can yield a much greater return. So I don't want any of you overinsured, but I also don't want you to lack protection. It's easier said than done. Most people, just so you're aware, they go, Ari, I want to hire you because my current advisor is not doing tax planning, or are but they're retiring soon and I want to

make sure I have someone in place to help with that. Then when they go through our planning process,

I show them how I can help save them on taxes or invest better. And then I say, I need to look at

your insurance policies. I need to look at your umbrella. I need to look at life. I need to look

at disability. I need to look at everything. And more often than not,

that's what I find is, I don't think it's going to be to most of your surprise, is that there's

oftentimes a lack of protection there. I have people coming to me and there is no disability

insurance by any means in place. Other people, it's they have too much umbrella coverage,

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