Tim Ulbrich and Tim Baker tackle one of the most common questions we hear from pharmacists: “Do I need this whole life insurance policy?” They dive into who needs coverage, common misconceptions, and why the “buy term and invest the difference” strategy may be the smarter approach.

This episode is brought to you by APhA.

Episode Summary

YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, tackle one of the most common questions we hear from pharmacists: “Do I need this whole life insurance policy?”

We’ve seen an increasing number of pharmacists with expensive whole life insurance policies that are often complex, costly, and not always the best fit. In this video, Tim and Tim break down:

✅ Who actually needs life insurance (and who doesn’t)

✅ The role life insurance should play in your financial plan

✅ The key differences between term life and whole life coverage

✅ Why “buy term and invest the difference” can often be the smarter strategy

✅ The conflicts of interest that sometimes drive whole life sales

By the end, you’ll better understand the benefits, costs, and misconceptions around whole life insurance so you can make an informed decision about what’s right for your financial future.

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