Life insurance can be intimidating for a lot of reasons and it has changed a lot over the years. On today’s episode, we are going to explore some important reasons you may want to consider life insurance and what factors you should consider when making this important decision.
If you have a family, you really need to consider income replacement. Donna herself, was able to raise her family and send them to college because of life insurance after she unexpectedly became a widow. If you are closer to retirement if you were to pass, how would that impact your spouse’s plan? Join us today as we explore 7 important things you should think about if you are considering life insurance.
Check out Donna’s new book coming out soon: https://www.widow-wisdom.com/
Listen to the full episode or skip to certain topics:
1:16 – Income replacement
6:06 – Estate liquidity
7:07 – Locking in premiums
8:35 – Transferring family wealth
9:23 – Succession in business
10:25 – Tax-free income
12:41 – The right professionals and tools
14:17 – Long term care coverage
The earlier you can try to qualify for insurance the better. Taking into consideration if it’s term life insurance, how long you want it to last… Locking in those low premiums early is really important.Donna Kendrick