Life insurance can certainly be something that is just focused on if I pass away what happens.

It also can be another financial product because the NA tool for wealth transfer actually,

because the death benefit often isn't taxable. So it's a way of often making sure that the resources

are the means that you would like to be able to give to the next generation they receive even

if you don't have an untimely death.

You're listening to the redefining wealth podcast with Patrice Washington.

This is a space that you come to each and every week to learn more about what it means to chase

purpose, not money. And if you are brand new here, here's what you need to know.

This is a community that believes that wealth is so much more than just money and material

possessions. We believe in the original 12th century definition of wealth, which says it's all

about the condition of well being. And one of the ways that you are well is to make sure that you

are fully up to speed on all things life insurance because the worst thing that you could do is not

be prepared when you really need it. I love something my former mentor used to say is better to

have it and not need it then need it and not have it and I want you to be on the winning side of that.

So today I'm really excited about the conversation that we're going to jump into. But before we do,

let's get into the affirmation of the week.

This week's affirmation is I control my money identity. The stories I tell myself about my

finances create the realities I experience. These stories are shaped by my beliefs. My beliefs

create my thoughts and my thoughts determine my actions and therefore habits. If I don't like any

part of my financial life today, at any point, I can choose the money identity that will help me

live the life I desire. And as I evolve, I continuously have the right to reexamine and redefine

what I want for myself in that moment. I understand that my identity can shift with just a decision.

...