050 Financial Excellence: Life Insurance (Term vs. Whole) & More

09 Mar 050 Financial Excellence: Life Insurance (Term vs. Whole) & More


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Episode 50: Life Insurance: Term vs. Whole, Universal, How much you need & why you really need it, Mar 9, 2011.

Life insurance is one of those touchy subjects that everyone knows they need but few people want to talk about it. The truth is, you may or may not need life insurance. In today’s show we uncover the truth behind life insurance needs and the types of policies out there.

Show notes:

  • Thanks to Brad Dassey of affordableradiovoiceover.com for the outstanding production of our intro and outro liners for the podcast. Brad has a unique voice and talent, and we appreciate his help.
  • A lot of people are confused about the true reason we need life insurance. We clarify that today.Matt & Janelle Recording the Financial Excellence Podcast
  • Another subject that confuses folks is how much life insurance coverage they truly need Matt sheds a little light on how much you need and what to do with the death benefit.
  • We discuss the differences between whole life, term life, universal life, and annuity policies.
  • How much coverage do you need for your kids? Probably not as much as you think.
  • You can influence what we talk about in future shows. Simply fill out this three minute survey.

Like what you hear? Visit the iTunes store and leave a review or leave a comment below. Or call our listener feedback line and leave a voice message that we can share on the air. As always, we appreciate your feedback!

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3 Comments
  • Lisa Youell
    Posted at 04:43h, 12 October

    Expert advice.
    Many small businesses are unaware that in the UK new government legislation means they can take advantage of ‘relevent life policy insurance’ and the tax benefits allowed.

    • Matt Wegner
      Posted at 07:44h, 13 October

      I guess I’m not aware of that either. I’d like to learn more about it so I can inform our UK readers.

  • Lynnette Mickels
    Posted at 06:05h, 12 October

    Love the info on your site. Also just wanted to remind your readers/visitors that Family Income Benefit is an alternative to Term Life Insurance, and may be better suited for those who need a monthly income in the event of the death of a loved one, instead of a one off payment.