164: Life Happens Part 1

Live Life Rich

Are you prepared for life's inevitable curveballs?

This episode of Live Life Rich the topic head-on - creating a robust life, leadership, and legacy plan. Women are living longer, and it's crucial to have a plan that matches this longevity.

Have you ever considered the cost of death and how to prepare for it? Listen as Marissa explores funeral planning and insurance. Life insurance isn't just about death; it's about understanding the difference between temporary and permanent needs and how hybrid policies can provide long-term care benefits.

Ownership and legacy planning are the building blocks of preparing for unexpected life events. Who will be in control when unpredictability strikes? Marissa covers what can happen when you don’t have the right plan in place and how it could lead to surrendering policies and loss of death benefits.

Join us as we navigate this complex topic and equip you with the right tools and mindset to face life's uncertainties.

In this episode, you will hear:

• Having a practical strategy for life, leadership, and legacy planning, and the necessity of planning for women due to increased life expectancy

• Funeral planning and the value of life insurance, including term insurance, permanent insurance, disability insurance, and long-term care policies

• Understanding the difference between temporary and permanent needs and the benefits of a hybrid policy

• Why you need to have the right conversations around legacy planning, ownership, and how life insurance can protect one's legacy

• Some key questions to ask when considering life insurance: what are the needs, what type of policy is best, what are the costs, who should be involved in the decision, and how can coverage be maximized?

• Knowing who will have control if something unexpected happens, with a focus on how life insurance can be a valuable tool in protecting your legacy

• Preparing for the future, having plans in place, and Marissa’s advice on how to prepare for the costs associated with death

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Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know I sent you.