Life Insurance — What You Need To Know

Many people think of life insurance as a way to protect people, like your children, who depend on you financially. This assumption has basis in reality, but life insurance has other uses too. What type you need and how much can vary depending on your goals. Whether you’re considering your first policy or looking to review your approach, this episode is for you. Shomari Hearn, CFP®, EA, returns to “Something Personal” to guide you through the basics of deciding why you need life insurance, what sort of policy you are looking for, and the details you will need to understand to find the right policy for your situation. Shomari and host Amy Laburda also discuss how to review your existing policy, what to do if you need to make changes, and some of the ways life insurance can complement your estate planning.