Life Insurance Explained: Term vs. Permanent and How Much You Need

Life insurance protects your family if you die before you planned to, and sizing a policy starts with knowing exactly what you are insuring. In this episode, Ryan breaks down the two main types, term and permanent, using a rent-versus-own analogy, and explains how income replacement and mortgage coverage are the most common reasons people buy a policy.Ryan and Aaron also tackle one of the most common life insurance misconceptions: that it doubles as a good investment vehicle. Ryan is direct on that point and explains why cheaper, more efficient options exist for building wealth. This is education, not personal advice, so loop in a licensed insurance professional before you buy or change any policy.Find "Your Fiscal Physical" the book on AmazonIf you have suggestions or feedback, please email us at: [email protected], as always, Stay the Course!