Finances can be complicated, but they don't have to be.

I break down financial topics that may seem complex and overwhelming so you can start taking action on your financial goals.

I'm Ari Talbid, and it all starts here on Personal Finance Redefined. Welcome back to another episode of the

Personal Finance Redefined podcast. And if you have a question that you won't answer on a future

episode, please let me know by submitting it on my website, personalfinanceredefined.c.O. You can also

find any show notes, any links, any references that I make during the show

on my website. So thank you for supporting the show and thank you for sharing it. So today's

episode is about life insurance, not necessarily the sexiest thing to talk about, but what I do

like talking about with life insurance can often be things to avoid, meaning are there

certain types of life insurance policies that are worth avoiding? And it all, as everything with

finance, it just depends. And so the first question I want to ask and answer both right off the

bat, do you need life insurance? And there's one very, very easy way way to calculate that and you're not running a

quote you're not going to a broker nothing like that the question is would your death financially

impact the people in your life if the answer is yes then you should consider life insurance

and so often what tends to make the most sense and there's so many articles about this

and everyone looks at it differently and there's so many articles about this and everyone

looks at it differently and there's tax benefits and all these different things. So when really

evaluating it, it is best to speak with a financial planner or an insurance specialist about

this. But in general, what you should know is a life insurance is it just a contract between

you and an insurance company where you pay insurance

premiums on a monthly or annual basis in exchange for the commitment that they are going to pay

what's known as a death benefit to specific people or an organization if you die while that

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