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
Connect with Darrick and Ray: