Ep73 | Life Insurance Awareness

What would happen financially if you died tomorrow? It is a somber question, but it is an important one.In honor of Life Insurance Awareness Month, Ray Godleski sits down with Jack Scala for a Q&A covering everything you need to know about life insurance, from whether retired people still need it to how much coverage you actually need to what younger professionals should be doing now. Whether you are approaching retirement, already retired, or just getting started in your career, this episode has something for you.You'll learn:Whether a retired person still needs life insurance and what factors determine the answerHow to calculate how much life insurance you actually need including income replacement, 401k contributions, mortgage, and moreWhy young professionals should get portable life insurance before they think they need itThe difference between employer life insurance and portable life insurance, and why owning your own policy mattersHow hybrid life insurance policies can serve as both a death benefit and a long-term care living benefitWhat life settlements and 1035 exchanges are and when they might apply to youHow irrevocable life insurance trusts and business owner key man insurance work If you're within a few years of retirement and want clarity around your retirement plan, book a complimentary consultation to build a strategy tailored to you:Book a Consultation: https://app.greminders.com/e/9bfdfdf70740f21a2e1cec4140dd884dd4ef6365Questions about an existing policy or just getting started? Reach out at info@SeWealthPartners.com.🎙 Follow the show on Apple Podcasts: https://podcasts.apple.com/us/podcast/executive-retirement-compass-financial-planning-to/id1796392113📧 info@SeWealthPartners.comQuestions welcome. Real answers given.Explore our free tools and resources at: www.YourNextStepFinancial.com