How Life Insurance Can Improve Your Life | Retirement Your Way Ep 5 скачать в хорошем качестве

How Life Insurance Can Improve Your Life | Retirement Your Way Ep 5

In this episode of Retirement Your Way, host Debbi Marcum sits down with Jaclyn to explore how life insurance can play a powerful role in protecting your retirement, your family, and your legacy. Drawing from personal experience, Debbi shares real-life lessons learned after becoming a widow and explains why life insurance is far more than just a death benefit. They discuss the differences between term and whole life insurance, why relying solely on employer-provided coverage can be risky, and how life insurance can provide peace of mind, income replacement, debt elimination, and even tax-free legacy planning. Debbi also explains how policies can be reviewed and improved later in life, and why working with an independent financial advisor matters. Whether you’re newly married, nearing retirement, or already retired, this conversation highlights why life insurance should be part of a personalized retirement strategy—not a one-size-fits-all solution. Timestamps: 00:02 - Welcome and introduction to Retirement Your Way 00:55 - Why retirement planning is not one-size-fits-all 01:25 - Snowy weekend in the Smoky Mountains 03:03 - Wildlife encounters and mountain living 04:41 - Transition to the topic of life insurance 05:37 - Debbi’s personal experience with life insurance 06:43 - Lessons learned about coverage amounts 07:11 - Importance of reviewing life insurance regularly 08:13 - Life insurance as a financial safety net 09:14 - Income replacement and Social Security concerns 09:34 - How life insurance can eliminate debt 10:28 - How life insurance premiums work 11:22 - Beneficiaries and lifelong planning 11:55 - Using life insurance during retirement 13:04 - Reviewing and improving policies later in life 13:26 - Life insurance as a safety net while living 14:23 - Policy riders and added benefits 15:28 - Term life vs whole life insurance explained 16:56 - Options at the end of a term policy 17:32 - Why a holistic financial advisor matters 18:44 - Risks of relying on employer-provided life insurance 20:09 - Owning your own life insurance policy 21:02 - Life insurance decisions as a couple 22:31 - Common mistakes couples make with coverage 22:56 - Using life insurance for legacy planning 23:41 - Tax advantages of life insurance inheritances 24:32 - Importance of professional guidance 25:43 - How to schedule a consultation with Debbi 26:12 - Closing thoughts and upcoming break 📞 Have questions? Need advice? Contact Debbi Marcum at Retirement Solutions Group to set up a consultation today! 👉 Call us at 866-247-5695 👉 Visit us at www.retirementsolutionsgroup.com Don't forget to subscribe to our YouTube channel for more financial tips and insights! Let us know your thoughts on the topics discussed or give us any feedback to make the future episodes better! #FinancialPlanning #RetirementPlanning #WealthManagement #EstatePlanning #LegacyPlanning #FinancialAdvice #FinancialEducation #MoneyManagement #InvestmentStrategies #Trusts #Wills #Probate #FinancialAdvisor #Retirement #Taxes #Inheritance #IRA #LifeInsurance #FamilyLegacy #FinancialSecurity #FuturePlanning #retirement #retirementplanning #SocialSecurity #michigan #detroit #tennessee #RetirementSolutions #RSG #DebbiMarcum #RetirementYourWay