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From Policies to Payouts: A Deep Dive into Life Insurance
Manage episode 380848007 series 3327505
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Ever wondered how to navigate the labyrinth of life insurance? Well, strap in as we break down the complexities of policies, premiums, and payouts and make it as simple as ABC. We're joined by the seasoned life insurance expert, John Ensley, whose wealth of knowledge will empower you to make informed decisions around your financial security. We delve into the three primary types of life insurance - term life, whole life, and universal life - giving you the tools to decide which coverage best suits your needs.
Are you curious about the nitty-gritty of life insurance? Brace yourselves as John peels back the layers on insurance companies' data requests, the boons of a whole life policy, and the frequency of policy reviews. We'll also shed light on the stringent regulations insurance companies must comply with when investing premiums and the fate of a policy if you have a loan against it at the time of your demise. We guarantee you'll walk away with a deeper understanding of life insurance and the myriad of options at your disposal.
Fear not, we've got your back when it comes to life insurance red flags. Together with John, we navigate the fine print of insurance policies, from contestability periods and suicide clauses to grace periods and hidden fees and costs. We'll also scrutinize the specifics of different policies and how they can be terminated or changed during their term. Plus, we'll guide you through the claims process and discuss considerations for those aged 80 and above. We wrap up with John offering a free 30-minute strategy session for listeners who want to dig deeper. Join us to gain the confidence and competence to select the right life insurance policy for you!
John Ensley, ChFC®
John Ensley Financial
JumpOnWithJohn.com
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Welcome to Money Matters, the podcast that focuses on how to use the money you have, make the money you need and save the money you want – brought to you by Neighbors Federal Credit Union.
The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice.
Chapters
1. From Policies to Payouts: A Deep Dive into Life Insurance (00:00:00)
2. Understanding Life Insurance Policies (00:00:02)
3. Understanding Life Insurance Policies and Benefits (00:09:23)
4. Life Insurance Policies and Red Flags (00:20:24)
5. Life Insurance Strategies and Tips (00:34:54)
64 episodes
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