Types of Life Insurance

In this episode of rich & REGULAR, Julien and Kiersten Saunders are delivering the life insurance low-down. They mull over the purpose of life insurance and perform a cost-benefit analysis on the two types of policies, term and whole-life, while offering their two cents on which one to invest in. They also answer significant questions, like who qualifies for life insurance, which of the two types is best and what lifestyle factors will increase your premium.

Life insurance companies and commission-based salespeople can prey on the fears and insecurities of their clients, so the Saunders offer some typical marketing tricks and misleading names salespeople use, cautioning that life insurance isn’t investing or a preexisting cash asset to count on; in fact, one should hope they don’t have to use it. The cost of premiums may lead some people to exclude insurance altogether if they don’t know the big picture, so Julien and Kiersten let listeners know what to look for, and whether or not eliminating the middleman and investing your funds in other accounts can lead to better financial outcomes.

Learn more at richandregular.com, purchase Cashing Out: Win the Wealth Game by Walking Away by Kiersten and Julien Saunders and follow on Instagram @richandregular. Support rich & Regular by sharing and rating it five stars on Apple Podcasts. Check out their video podcast Cashing Out on YouTube.

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