Benefits of Owning Life Insurance in 2020

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Manage episode 269914271 series 1082285
By Jesse McFie and Dr. Tom McFie. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Only 59% of Americans own life insurance and 50% of these people are still under-insured. Why don’t people own more life insurance?

Perhaps it’s because they:

  • Have been told it’s a bad investment?
  • Have heard misunderstandings about life insurance
  • Had an experience with a bad policy (or a bad agent)

Or maybe they think:

  • Group life insurance is enough
  • Life insurance is “just for the next guy”
  • The insurance they would like to have would be too expensive
  • Or maybe they don’t want to think about it.

There are many benefits to owning the right kind of life insurance policies in the 2020 economic environment and beyond. Today Tom and John discuss some of these benefits and reveal common mistakes around life insurance.

Resources:

How to Build Sustainable Wealth - Preorder (delivery in September): https://ao160.infusionsoft.app/app/orderForms/Fire-Your-Financial-Planner-Preorder

291 episodes