Episode 3

Published on:

10th Jun 2021

Three Reasons Life Insurance Should Be Part of Your Wealth Plan

Life insurance isn't the most exciting financial topic, when compared to investment planning overall. However, it's actually one of the most flexible and versatile tools that you have within your wealth planning toolkit!

In the third installment of Modern Wealth Management, Darrick and Ryan explore the reasoning behind why you should incorporate life insurance into your overall wealth management strategy. When executed properly, life insurance can provide liquidity, leverage, and certainty to your financial well-being.

So sit back, relax, and enjoy another enlightening conversation where Darrick shares his insights, and even his own personal reasoning behind including life insurance into his wealth plan.


00:05 - Overview on today's episode

02:05 - Why Darrick believes life insurance should play a role in someone's wealth plan

03:22 - Wealth planning overall is vitally important

04:30 - In wealth planning, the focus should be on the person and not the product

08:51 - The key roles life insurance plays within wealth planning overall

12:48 - The goals life insurance can help an individual or family achieve

17:54 - How life insurance can be used to help provide cash for a future need

19:42 - Life insurance policies that are influential and beneficial for business owners

21:30 - Life insurance shouldn't be viewed with a negative outlook

23:49 - Closing remarks

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About the Podcast

Modern Wealth Management
A Practical, Process-Driven Approach to Wealth Management
Welcome to Modern Wealth Management by Monon Wealth, where we tackle pertinent financial topics to help better position you and your business for success.

Listen as Darrick Hutchens and Ray Kramer, Managing Partners of Monon Wealth Management, tap into four decades worth of experience in the financial sector and unpack their strategies for today's level of modern wealth management.

So, sit back, relax, and enjoy enlightening conversations that highlight an array of financial questions and topics.