Life Insurance is the most exciting topic on the planet! Just kidding. But just because it isn’t a super exciting topic doesn’t mean you don’t need to know about it. Today, Joe Saul-Sehy, host of the Stacking Benjamins podcast, joins Scott and Mindy to talk about Life Insurance. Joe comes from a background as a financial planner and was licensed to sell every type of insurance product available. Joe is here today because he understands how life insurance works - how it's priced, how you can use it, the pros and cons of the product - but he has no skin in the game whether you buy life insurance or not. He's the perfect person to explain this product from a factual standpoint and let you make the decision of what type - if any - is best for you, based on facts, not commissions. Joe walks us through the basics and shares how life insurance actually covers you - from term, to whole, to universal life. There's no bad product, only different ways of paying out. If you're struggling with how to figure out what life insurance policy is right for you, this episode can't be missed. In This Episode We Cover: How life insurance works How to incorporate life insurance into financial planning What bucket of insurance should people be thinking about How does life insurance gets price Whole life insurance versus term life insurance Universal life insurance What decreasing term policy and level term policy are Things that affect insurability Tax triangle Is life insurance payout taxed What age should you get life insurance What makes good life insurance policy Common reasons for being denied in life insurance And SO much more! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums BiggerPockets Money Podcast 40 XY Planning Network Learn more about your ad choices. Visit megaphone.fm/adchoices

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