Broker Check

Sound Financial Group - Bothell, Washington

 

SFB005 Life Insurance Basics Part 1

| April 12, 2016
Share |
Insurance

Listen Here

Subscribe Today

 

Episode Summary

Sound Financial Group is excited to welcome you to Sound Financial Bites, where we bring you bite sized pieces of financial knowledge to help you design and build a good life. In the fifth episode, Paul Adams, CEO and President of Sound Financial Group, shares with us the importance of life insurance and the appropriate amount of insurance you should acquire from your financial advisor.

What Was Covered

  • 01:20 - Sound Financial Group’s mission is to help you design and build a Good Life.
  • 01:39 Education is first and foremost above sales.
  • 02:34 - What is the appropriate amount and type of life insurance?
  • 03:09 - Paul shares a book called The Economics of Life Insurance by Solomon Huebner.
  • 04:34 - What does full replacement value mean when it comes to life insurance?
  • 05:15 - What is a life insurance needs analysis?
  • 08:35 - Why do most insurance companies base the amount of life insurance you can acquire according to age?
  • 09:59 - Paul discusses Retirement and Life Insurance.
  • 11:42 - We need to replace most of of our income, the bills don’t just drop when we die.
  • 13:49 - How much does it cost to get this insurance protection?
  • 16:03 - Your advisor’s responsibility is to help you acquire the appropriate amount of life insurance.

Tweetables

"It is nearly impossible to get over insured."

"We need to replace most of our income; the bills don’t just drop when you drop dead."

"Your advisor’s professional responsibility is to help you acquire the appropriate amount of life insurance."

Share the Show

Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review!

  1. Click this link – Sound Financial Bites
  2. Click on the ‘Subscribe’ button below the artwork
  3. Go to the ‘Ratings and Reviews’ section
  4. Click on ‘Write a Review’

Attachments

Share |