Phil’s Tax Hacks

Ep 132: Reasons You SHOULD Get Life Insurance

April 28, 2022

The idea of a podcast on life insurance might not sound like the most exciting topic, but we’re going to put a positive spin on it today and tell you why you should get it. Or at the least, consider adding it to your portfolio. Life insurance can serve many different purposes for financial needs and we’ll share a few you might not have thought of on this episode.

 

Watch the video podcast: https://youtu.be/dEGFLe0qJFU 

 

Read more and get additional financial resources here: http://philstaxhacks.com 

 

Today's Key Points: 

0:58 – Income Replacement

3:55 – Estate Liquidity

5:11 – Transferring family wealth

7:28 – Business succession

9:01 – Tax-free benefits

12:39 – Long-term care coverage

14:23 – Using all the tools at your disposal