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Money Guy Show

The Best and Worst Types of Life Insurance

Money Guy Show

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

Education, Investing, Business

4.73.1K Ratings

🗓️ 2 June 2023

⏱️ 30 minutes

🧾️ Download transcript

Summary

No matter how much you know about finance, you’ve definitely heard about life insurance: maybe from commercials pitching it as something to buy your baby, or a family member or friend that got into the industry. Is life insurance worth getting or something you should avoid? How do you decide to choose what type of life insurance to buy? Jump start your journey with our FREE financial resources Reach your goals faster with our products Take the relationship to the next level: become a client Subscribe on YouTube for early access and go beyond the podcast Connect with us on social media for more content Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's a barn burner, the best and worst life insurance.

0:04.1

Yeah, Frank, I am excited about this because one of the things that, you know, it's a

0:14.8

necessary level.

0:15.8

It's something that no one gets excited about talking about.

0:18.6

Nobody really gets super jazzed about it, but it is so, so important when it comes to

0:22.5

your financial life is making sure that you have the appropriate coverage in place.

0:26.9

You have the appropriate insured interests that are actually insured.

0:31.4

And one of those for most Americans is life insurance.

0:34.5

Well, yeah, you're trying to figure out, is this a scam?

0:36.8

Is this something that I must have?

0:38.7

And I'm going to tell you, you need a tune in because this is one of those subjects.

0:42.3

I'm like, are people going to watch it?

0:43.8

But if you have a spouse and if you have children, you need to hear what we're, because

0:48.6

we're going to spill the tea on all the things you need to know about life insurance.

0:52.9

So one of the big questions we get is, okay, why do we talk about life insurance?

0:56.8

Why is it so important?

0:58.6

And why does it have such a bad rap?

1:00.2

And one of the reasons why has such a bad rap is because it is one of the most aggressively

1:04.7

sold and profitable insurance products out there.

1:08.6

So there are a lot of people that have a motivation to maybe recommend products that are

1:12.5

not in your best interest.

1:14.1

So what we want to do is break down for you.

...

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