How Do You Approach Buying Life Insurance?

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.7 • 3.1K Ratings

🗓️ 19 October 2022

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What is the best way to approach term life insurance, and how much should you buy? We'll walk you through that question and more in today's Q&A episode! Check out our NEW course, Know Your Number! Watch more exclusive content only on YouTube! Visit our website - Get our FREE financial resources - Sign up for our Financial Order of Operations course - Get easy to understand answers to your financial questions Follow us on social media! -Instagram -Twitter -Facebook -TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,
0:07.0	investing, taxing.
0:09.0	You've got financial questions, he's got financial answers.
0:12.6	It's Brian Preston, the money guy.
0:16.1	You guys know that we absolutely love getting to put together content, come up with show ideas,
0:20.1	put it out there for you.
0:21.3	But answering your questions is really one of our favorite things to do because what we
0:24.3	care about is what you care about.
0:27.4	So right now we got the team out on the wings, they are getting questions.
0:32.3	I think we'll have to give them some stuff away today, bro.
0:34.6	We give them stuff away.
0:35.6	Yeah, we're going to give them stuff away.
0:36.8	So if you have a question, get it in the chat and rebe with that.
0:40.4	I'm going to throw it over to you.
0:42.2	Yeah, I'm ready.
0:43.2	I got one in the hopper for you right now from Bart out on YouTube.
0:47.6	He asks, do you have a percentage rule on how much term life insurance to buy?
0:54.5	He says, I know that Ramsey says eight to 10 times your salary.
0:57.6	We were talking about how much we love term life.
0:59.4	Do you have any other guidelines on that?
1:01.4	Well, I think we're Dave and the Ramsey solutions.
1:05.8	The 10 times is a pretty accepted standard.
	...

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