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Episode Info

Episode Info:

In episode 172 of Financially Simple, Justin goes over the basics of Life Insurance.

Part of risk management is taking care of business and your family in case of your death - having an insurance policy in place to provide for your business and employees, and your family once you’re gone. Justin goes over the fundamentals of Life Insurance, the types of cover, which you need and why.


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01:20 - Life Insurance 101 For Business Owners

03:28 - What is Life Insurance?

04:22 - Do You Need it?

06:31 - Types of Life Insurance: Term Insurance

08:42 - Whole Life

11:10 - Variable

12:06 - Universal

13:13 - Index

14:08 - What Type of Insurance Do You Need?

16:43 - How Much Do You Need?

19:52 - Wrap Up




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Financially Simple podcasts are recorded on a Blue Yeti Microphone & Samsung Notebook 9.

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Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.

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