How well do you understand life insurance? If you don’t, and an unscrupulous agent meets with you, there’s a good chance you might purchase a product that’ll cost you hundreds or even thousands of wasted dollars. Today we’ll dive into the basics of life insurance, including, how insurances are priced, how term and permanent policies are different (and the same), and why most people shouldn’t look at insurance as an investment. Even if you know some general “rules of thumb” about insurance, there’s a good possibility that you should be able to round out your product knowledge in a deeper way.
Speaking of unscrupulous, during our headlines segment we dive into a new alleged scam. How do you spot a financial “professional” who’s really asking you to invest in a product that doesn’t exist (or one that’s not suitable)? We’ll talk about clues to sniff out bad actors and also discuss the particulars of the investments that were used so that you know more about the upsides and downsides of the “weapons” this particular scammer used.
It’s a fun Wednesday deep dive for us! Hope you enjoy it!
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Our Topic: Life Insurance
Instead of a featured guest today, Joe and OG are talking all about life insurance. They go through the basics of life insurance policies, who they might be best for, and how they work.
- The ownership group for Subway is called Doctor’s Associates Inc. How did Doctor’s Associates Inc. get its name?
Need life insurance? You could be insured in 20 minutes or less and build your family’s safety net for the future. Use StackingBenjamins.com/HavenLife to calculate how much you need and apply.
Want more than just the show notes? How about a guide with STACKS of related, deeper links?
- Check out The Stacker, our email that comes with every Monday and Wednesday episode, PLUS a list of more than 19 of the top money lessons Joe’s learned over his own life about money. From credit to cash reserves, and insurances to investing, we’ll tackle all of these. Head to StackingBenjamins.com/STACKER to sign up (it’s free and we will never give away your email to others).
Looking for more? If you enjoy today’s episode, check these out!
- Our roundtable discussed the various reasons to buy life insurance and how much: How To Buy Term Life Insurance
- Chris Cook joined us to share how to reduce your investment risk: How to Slash Your Investing Risk (with Chris Cook)
Written by: Brooke Miller
Miss our last show? Listen here: El Salvador is Crypto Curious + Reading to Lead with Jeff Brown & Jesse Wisnewski