The Types of Insurance Every Person Needs

EPISODE RESOURCESRegister for the Riverside Financial Literacy Symposium!Try the Change of Plans Checklist!How Much Life Insurance Do I Need EpisodeLife Insurance Needs CalculatorInsurance Essentials for Families: Home, Auto, Umbrella, Health, Disability, Life & Long-Term CareIn this episode we discuss the key insurance types every person should consider. We review property-related protections—auto, renters insurance, and the various elements of homeowners insurance. Brenton explains umbrella policies as inexpensive additional liability protection, and then cover personal insurances: the necessity of health insurance despite high marketplace costs, long-term disability as paycheck protection (including group-policy tax and income-definition gaps), life insurance needs often being underestimated and requiring calculators and appropriate term length, and long-term care insurance to protect assets and avoid Medicaid impoverishment.Tune in!00:00 Why Insurance Matters00:40 Podcast Intro and Updates01:04 Symposium Invitation01:59 Episode Roadmap03:04 Auto Coverage Basics04:09 Renters Insurance Essentials05:17 Homeowners Policy Breakdown11:51 Umbrella Liability Protection14:37 Break and Gap Finder15:43 Health Insurance Reality Check18:05 Disability Paycheck Protection22:15 Life Insurance Sizing24:04 Long Term Care Planning28:52 Wrap Up and Next StepsSupport the show