Amanda Kish

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243 appearances 2 recordings 1 series first heard May 2026 last heard 1 Aug

Amanda Kish’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 2 in all, peaking in Aug 2026 with 1.

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Motley Fool Hidden Gems Investing · Insurance-palooza! All You Need to Know to Protect Your Income and Wealth · 1 Aug 2026 podcast

If there's no one that's financially dependent on you, then life insurance may be less of a priority.

So for most working age folks,

I think term life insurance is probably going to be your best bet as opposed to something like whole life that retains that cash value.

So term life is cheap, it's simple, and it has exactly one job that it does and that it pays out if you die during that term that the policy is in effect.

So a common rule of thumb is that you're going to want 10 to 15 times your annual income in coverage.

That's just a starting point.

I think the more precise method is to actually do the math.

So add up what you're trying to cover, whether that's replacing income until retirement, paying off the mortgage, funding college for your kids, and then back out whatever you've already got, like existing savings or 401k.

And then that gap is your target coverage number.

And then on term length, you want to try to match it to your need.

So, for example, if your youngest just started kindergarten, for example, a 20 year term gets them all the way through college.

If your mortgage has 15 years left on it, a 15 year term might work.

And don't forget about laddering.

And this is the process of buying a couple of smaller staggered policies with different term lengths instead of just one giant policy.

So over time, your coverage is going to step down naturally as those policies expire and also as your obligations shrink.

So creating a ladder this way can potentially be cheaper because you're dealing with many numerous smaller dollar value policies instead of one giant one.

And it's also a nicer way to kind of taper that coverage as your life situation changes without really having to put too much thought into it.

Yeah, this is one aspect of insurance coverage a lot of folks tend to not think about until they need it.

And by then, of course, it's too late to shop for it.

And as you mentioned, your odds of becoming disabled before 65 are meaningfully higher than your odds of dying before age 65.

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