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Listen "Retirement Planning and Life Insurance: Assessing Your Needs"
Episode Synopsis
In this episode of the iWealth Podcast, Brad Connors dives into the
topic of whether life insurance is necessary during retirement. He
emphasizes that the need for life insurance depends on individual
circumstances and desired outcomes.
Brad explores situations where life insurance may be crucial during the
journey to retirement, such as providing financial security for loved
ones in the event of premature death. As retirement approaches, he
discusses the subjective nature of life insurance and highlights cases
where retirees choose to purchase permanent life insurance policies to
ensure a specific inheritance for their children.
Addressing the scenario where retirees plan to exhaust their savings
during retirement, Brad acknowledges that some individuals may not feel
the need for life insurance. However, he points out the potential
benefits of permanent insurance policies in guaranteeing an inheritance
for children. He stresses the importance of having discussions about
life insurance earlier in life to avoid relying solely on
employer-provided policies during retirement.
Brad notes that while approximately 10% of his clients initially plan to
spend all their retirement savings, their actual spending patterns
often change over time. He emphasizes the value of having life insurance
as a safety net for unexpected circumstances and as a means to leave a
financial legacy.
The episode concludes by emphasizing the need for individuals to assess
their unique situations and consult with a financial specialist like
Brad Connors to determine the necessity of life insurance in retirement.
Brad highlights the tax benefits associated with life insurance death
benefits and its potential as a retirement vehicle. He emphasizes the
importance of making informed decisions based on individual
circumstances and goals, with the guidance of a professional.
Overall, the iWealth Podcast, hosted by Brad Connors, provides valuable
insights into the need for life insurance during retirement planning. By
encouraging listeners to evaluate their specific needs and seek
professional advice, Brad empowers individuals to make well-informed
decisions regarding life insurance in their retirement strategies.
iWealth
SUBSCRIBE
Education is first! At iWealth we pride ourselves on helping people make
smart decisions when it comes to money. You know how to make money, but
do you know how to keep it? Invest it? Manage it so that it works for
you? iWealth provides practical thinking tools and structures which
will help you achieve your biggest goals and enjoy an unparalleled
quality of life.
►Please take a moment to comment and let us know what you thought of
this video. Want to learn more about how iWealth can help you feel
confident about your financial future? Schedule a complementary
30-minute discovery call to get clear on your financial goals, what
might be standing in your way, and if iWealth is a good fit for you.
Click here to book your call today: https://go.oncehub.com/BradConnors
►For more educational tips and wisdom from iWealth:
YouTube: https://www.youtube.com/user/iWealthT...
Facebook: https://www.facebook.com/iWealth4me
LinkedIn: https://www.linkedin.com/in/bradconnors/
Podcast: https://anchor.fm/iwealth
Twitter: https://twitter.com/iWealth4me
Book: https://fishdontclap.com/#home
Websites: https://iwealthpcg.com/ or https://iwealth4me.com/
Amazon: https://www.amazon.com/Fish-Dont-Clap...
Business Mission Statement
· iWealth was created to help you manage risk while you invest wisely
and live well.
· We believe in the “golden rule” of treating others how we would want
to be treated. We believe in helping our clients not run out of money,
manage risk and transfer wealth to who they feel appropriate.
For more information, call 507-835-9111 or email [email protected]
topic of whether life insurance is necessary during retirement. He
emphasizes that the need for life insurance depends on individual
circumstances and desired outcomes.
Brad explores situations where life insurance may be crucial during the
journey to retirement, such as providing financial security for loved
ones in the event of premature death. As retirement approaches, he
discusses the subjective nature of life insurance and highlights cases
where retirees choose to purchase permanent life insurance policies to
ensure a specific inheritance for their children.
Addressing the scenario where retirees plan to exhaust their savings
during retirement, Brad acknowledges that some individuals may not feel
the need for life insurance. However, he points out the potential
benefits of permanent insurance policies in guaranteeing an inheritance
for children. He stresses the importance of having discussions about
life insurance earlier in life to avoid relying solely on
employer-provided policies during retirement.
Brad notes that while approximately 10% of his clients initially plan to
spend all their retirement savings, their actual spending patterns
often change over time. He emphasizes the value of having life insurance
as a safety net for unexpected circumstances and as a means to leave a
financial legacy.
The episode concludes by emphasizing the need for individuals to assess
their unique situations and consult with a financial specialist like
Brad Connors to determine the necessity of life insurance in retirement.
Brad highlights the tax benefits associated with life insurance death
benefits and its potential as a retirement vehicle. He emphasizes the
importance of making informed decisions based on individual
circumstances and goals, with the guidance of a professional.
Overall, the iWealth Podcast, hosted by Brad Connors, provides valuable
insights into the need for life insurance during retirement planning. By
encouraging listeners to evaluate their specific needs and seek
professional advice, Brad empowers individuals to make well-informed
decisions regarding life insurance in their retirement strategies.
iWealth
SUBSCRIBE
Education is first! At iWealth we pride ourselves on helping people make
smart decisions when it comes to money. You know how to make money, but
do you know how to keep it? Invest it? Manage it so that it works for
you? iWealth provides practical thinking tools and structures which
will help you achieve your biggest goals and enjoy an unparalleled
quality of life.
►Please take a moment to comment and let us know what you thought of
this video. Want to learn more about how iWealth can help you feel
confident about your financial future? Schedule a complementary
30-minute discovery call to get clear on your financial goals, what
might be standing in your way, and if iWealth is a good fit for you.
Click here to book your call today: https://go.oncehub.com/BradConnors
►For more educational tips and wisdom from iWealth:
YouTube: https://www.youtube.com/user/iWealthT...
Facebook: https://www.facebook.com/iWealth4me
LinkedIn: https://www.linkedin.com/in/bradconnors/
Podcast: https://anchor.fm/iwealth
Twitter: https://twitter.com/iWealth4me
Book: https://fishdontclap.com/#home
Websites: https://iwealthpcg.com/ or https://iwealth4me.com/
Amazon: https://www.amazon.com/Fish-Dont-Clap...
Business Mission Statement
· iWealth was created to help you manage risk while you invest wisely
and live well.
· We believe in the “golden rule” of treating others how we would want
to be treated. We believe in helping our clients not run out of money,
manage risk and transfer wealth to who they feel appropriate.
For more information, call 507-835-9111 or email [email protected]
In God we trust