Life Insurance 101
08/31/23 • 12 min
1 Listener
While no one really likes to talk about it, life insurance can be an important part of your financial plan. We talk about why people cringe when they hear the term, who most needs it, and why you might want to reconsider your preconceived notions about it. Life insurance sometimes gets a bad rap, but it can be a powerful tool. If you care for someone else and you hate taxes, look at life insurance.
Here’s what we talk about on today’s show:
- Why is “life insurance” such a dirty word?
- How do you know if you need life insurance?
- Why do wealthy people keep life insurance?
- How does this work as a tax-free income?
Get in touch with the Peterson Financial team: https://petersonfg.com/
While no one really likes to talk about it, life insurance can be an important part of your financial plan. We talk about why people cringe when they hear the term, who most needs it, and why you might want to reconsider your preconceived notions about it. Life insurance sometimes gets a bad rap, but it can be a powerful tool. If you care for someone else and you hate taxes, look at life insurance.
Here’s what we talk about on today’s show:
- Why is “life insurance” such a dirty word?
- How do you know if you need life insurance?
- Why do wealthy people keep life insurance?
- How does this work as a tax-free income?
Get in touch with the Peterson Financial team: https://petersonfg.com/
Previous Episode
Financial Wisdom from Ron Swanson
Today, we take some quotes from the gruff but beloved Parks and Recreation character, Ron Swanson. He’s got a lot of dry sarcasm that can be hilarious, and surprisingly, can teach us a thing or two about financial planning. We share some laughs and some financial wisdom as we talk through some of these fun quotes from the tv show.
Here are some of the quotes we talk about on today’s show:
- “There’s only one thing I hate more than lying....”
- “I’d wish you the best of luck, BUT...”
- “The whole point of this country is...”
- “I’ve had a hernia and have been ignoring it successfully, but this morning I made the mistake of sneezing...”
Get in touch with the Peterson Financial team: https://petersonfg.com/
Next Episode
Investing Strategies by Profession
From teachers to engineers, there are a variety of people who work with Eric and his team to build a solid financial plan. Those in similar professions tend to have similar mindsets when it comes to finances. Listen in as we discuss what similarities Eric sees across different industries and how he approaches each of them.
Here’s what you’ll learn on today’s show:
- Teachers are used to stability and tend to be risk-averse.
- Doctors are smart but can be disorganized in other areas of their life.
- Engineers are analytical and want to know how things work.
- Entrepreneurs pour their heart, soul, and finances into the business.
Get in touch with the Peterson Financial team: https://petersonfg.com/
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