139: Everything You Never Wanted to Know About Life Insurance (But Absolutely Need To) with Joe Saul-Sehy | Bigger Pockets Podcast

Life Insurance is the most exciting topic on the planet!
Just kidding. But just because it isn’t a super exciting topic doesn’t mean you don’t need to know about it.
Today, Joe Saul-Sehy, host of the Stacking Benjamins podcast, joins Scott and Mindy to talk about Life Insurance. Joe comes from a background as a financial planner and was licensed to sell every type of insurance product available.
Joe is here today because he understands how life insurance works - how it's priced, how you can use it, the pros and cons of the product - but he has no skin in the game whether you buy life insurance or not.
He's the perfect person to explain this product from a factual standpoint and let you make the decision of what type - if any - is best for you, based on facts, not commissions.
Joe walks us through the basics and shares how life insurance actually covers you - from term, to whole, to universal life. There's no bad product, only different ways of paying out.
If you're struggling with how to figure out what life insurance policy is right for you, this episode can't be missed.
In This Episode We Cover:

How life insurance works

How to incorporate life insurance into financial planning

What bucket of insurance should people be thinking about

How does life insurance gets price

Whole life insurance versus term life insurance

Universal life insurance

What decreasing term policy and level term policy are

Things that affect insurability

Tax triangle

Is life insurance payout taxed

What age should you get life insurance

What makes good life insurance policy

Common reasons for being denied in life insurance

And SO much more!

Links from the Show

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BiggerPockets Money Podcast 40

XY Planning Network

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