271: [Acquania Escarne] Life Insurance Secrets: Building Wealth and Financial Freedom

10/08/24 • 22 min

In this eye opening episode of ABOUT THAT WALLET, host Anthony Weaver dives deep into the world of life insurance with financial coach, hotel owner, podcast host, and life insurance producer, Acquania Escarne. They discuss the importance of life insurance, especially for the black and brown communities, and how it can be a game-changer for financial stability and wealth building.

Join us as we discuss:

The critical role of life insurance in providing for your family after you're gone.
Why life insurance is essential outside of work and how it can change the trajectory of a family's life.
The different types of life insurance: term and permanent, and how to choose the right one for you.
How to leverage life insurance policies for investments and emergency funds.
Strategies for ensuring your loved ones are financially secure, regardless of your marital status or whether you have children.
Whether you're new to life insurance or looking to review and possibly increase your coverage, this episode offers valuable insights and practical advice to help you make informed decisions about your financial future.

=|| Chapters ||=

00:00:00 - Introduction

00:02:15 - Importance of Life Insurance for Black and Brown Communities

00:05:45 - When to Get Life Insurance

00:08:30 - Types of Life Insurance: Term vs. Permanent

00:15:20 - Leveraging Life Insurance for Investments

00:20:00 - Financial Checkups and Beneficiary Updates

00:22:10 - Final Four Questions

00:30:00 - Where to Find Acquania Escarne

Discover more about Acquania Escarne and her work:

Instagram: @thepurposeofmoney
Website: https://thepurposeofmoney.com
YouTube: https://www.youtube.com/@AcquaniaEscarne

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DISCLAIMER: The content in this audio is for educational purposes only. Conduct your own research and make the best choice for you. If you need advice, contact a qualified professional.

Episode 271

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10/08/24 • 22 min

ABOUT THAT WALLET - 271: [Acquania Escarne] Life Insurance Secrets: Building Wealth and Financial Freedom

Transcript

Acquania Escarne00:00:00.160

But over time, that builds up into thousands and thousands of dollars of tax free money that can be accessed while you're alive. So my husband and I, for example, we took 40,000 out of a, uh, life insurance policy and we invested in real estate. And we started out with residential real estate and rentals, but now I invest in commercial real estate, like hotels and apartment syndications. So that was how we used it. But I've had people use

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