42: Do You Need Life Insurance?

Whole, term, permanent, universal! There are so many different types of life insurance — and different names. But how do you know which ones you need? Let's discuss this and more in this week's episode of Money Feels! We're your hosts, Alyssa and Bridget. Welcome to the podcast, where we talk through our money trauma and create a better understanding of building a healthy relationship with finance.In today's episode, we discuss the following:What life insurance is actually meant to provide and how it can helpWhat are the differences between term and whole life insurance/permanent life insurance?Risks and pitfalls that can come with committing to certain policies Aggressive tactics used by insurance sales agents that you need to watch out forWhen does it make sense to have multiple insurance policies?Is there a way to “know” when you need insurance?Examples of how your insurance needs can change/evolve over time and through different life stages Helpful things to consider before adding a policyThanks for listening to today's episode! If you want to keep listening, we've now launched our Patreon! You can subscribe for bonus episodes and extra content from your hosts. Thank you for listening to today's episode! Join us next week for a new one. Until then, follow us on Instagram @mixedupmoney, @bridgiecasey and @moneyfeelspodcast, and we’ll see you next time!