Joshua J Sheats, MSFS, CFP, CLU, ChFC, CASL, CAP, RHU, REBC is a financial planner who teaches people how to live a rich life now while building a plan for financial freedom in 10 years or less. He mixes creative approaches to lifestyle design, deep-dive financial planning techniques, and hard-core business strategy to equip you with the knowledge and inspiration you need to build financial independence.
http://radicalpersonalfinance.com
189-Term Life Insurance
Today we continue our life insurance series dig into the topic of term life insurance.
Term life insurance is an incredible financial product and extremely useful. It also has some options that are not commonly understood or explored.
We discuss:
- What is term life insurance useful for?
- Normal life insurance policy designs:
- level term insurance
- annual renewable term insurance
- decreasing term insurance
- increasing term insurance
- Key policy features:
- renewability
- convertibility
- disability waiver of premium
- reentry term insurance
- return of premium rider
- Group term insurance
- How to analyze costs
- What about those who say term insurance is the only appropriate solution?
- How to find a policy
- How to get insurance with a medical condition
Enjoy!
Joshua
- If you'd like access to the spreadsheet with return of premium rate of return calculations and the annual renewable term vs. level term discussion, support Radical Personal Finance on Patreon! http://radicalpersonalfinance.com/patron