Bad things may happen to you. But you can't and shouldn't insurance against all of them. This includes insuring your insurability. Don't do it. Today we cover four of the popular myths of for why you should buy permanent life insurance:
Most Agents are Good People and can be Trusted.
You Should Buy Permanent Life Insurance While You're Young.
You Should Buy Permanent Life Insurance to Protect Your Insurability.
You Should Buy Permanent Life Insurance for the Long-Term Care Rider (...
Bad things may happen to you. But you can't and shouldn't insurance against all of them. This includes insuring your insurability. Don't do it. Today we cover four of the popular myths of for why you should buy permanent life insurance:
- Most Agents are Good People and can be Trusted.
- You Should Buy Permanent Life Insurance While You're Young.
- You Should Buy Permanent Life Insurance to Protect Your Insurability.
- You Should Buy Permanent Life Insurance for the Long-Term Care Rider (while young).
There are much better strategies out there, and we'll unpack why.
Again, these episodes target permanent life insurance specifically. If you have people depending on your income, YOU NEED TERM INSURANCE!
Quote your own insurance from dozens of carriers and apply right online. (Note: Permanent life insurance also available on the platform. IGNORE THAT. :) )
Full article and visuals can be found at:
RetireMentorship.com/17
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The content includes my book, 3D Retirement Income: Creating a Retirement Income that Outpaces Inflation, Outlives You, and Outperforms Others . (Available on Amazon.)
Find my financial planning firm at LaxFP.com.
Email us at Questions@RetireMentorship.com or call us at 1-855-6MENTOR.
This podcast is educational only and is not intended to be investment, legal, or tax advice or recommendations, whether direct or incidental. Again, this is not investment advice. Consult your financial, tax, and legal professionals for specific advice related to your specific situation. Never take investment advice from someone who doesn’t know you and your specific situation. All opinions expressed in this article are those of the people expressing them. Any performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be directly invested in.
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