Life Insurance 101

Here is Google Hangout where I talk about Life Insurance…

Purpose?

  • Hint: Not to die with it
  • Fund Retirement?
  • Fund College Education?
  • CASH Value vs Filling in the gap of your overall financial plan (the time you needed gets cut short)

How much?

Ask the experts…. Dave Ramsey et al 10 times annual salary

Where to buy?

  • Job
  • Internet?
  • Captive vs Independent
  • How about a Human?

When to buy?

  • Big ones…New house, married, baby,
  • young and healthy
  • family history is big
  • medical history is big

What to buy?

  • TERM Life 15, 20, year level
  • Might consider Living Benefits

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