Protecting some of your assets from lawsuits and bankruptcy using life insurance

One of the big threats of the affluent (and emerging affluent) is losing a big chunk of their assets in a lawsuit or if they have to file bankruptcy. 

Many know about the protection that insurance, corporations, and retirement accounts provide them in protecting a portion of their assets from these threats...very few know that life insurance can also be another asset protection tool. 

Jon Thurmond and Phillip Washington, Jr. discuss that topic on today's episode.

 

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