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SFB087 Basics of Life Insurance Part 7 - Recap the Series

| December 12, 2017
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Episode Summary

In the final episode of this seven part series on the Basics of Life Insurance, Paul sits down with Cory Shepherd, President of Sound Financial Group and author of Cape Not Required to give a recap of this immersive series on life insurance. 

What Was Covered

  • 00:50 - Part 1 - Term and Whole life insurance
  • 01:41 - Part 2 - Universal life
  • 02:28 - Part 3 - The amount of life insurance
  • 03:52 - Part 4 - The types of life insurance companies
  • 05:07 - Part 5 - Why the IRS has put limits on how much you can put in life insurance
  • 07:02 - Part 6 - How to integrate the death benefit of your life insurance into the distribution planning in your old age


"Life insurance is gated and it’s gated by our health and we’re not always guaranteed to have it."

"There are no good or bad types of life insurance just good or bad implementation of certain kinds."

"Make sure a mutual company is always in the lineup when you’re looking at life insurance options."

"It’s the IRS that says that you can only put so much money into a whole life insurance policy because of the advantage it gives you as a taxpayer."

"A way to consider your planning might be to match your capital at work to the amount of guaranteed death benefit you have in life insurance."

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