The Importance of Life Insurance and Financial Protection

This chapter emphasizes the critical role of financial planning, focusing on the early acquisition of term life insurance. It discusses recommended coverage levels tied to income and the importance of safeguarding family finances against unexpected events.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

📈 ⁠⁠Are you on track with the Baby Steps? Get a Free Personalized Plan⁠⁠ 📱 Watch the full episode for free in the Ramsey Network app.

George Kamel & Jade Warshaw answer your questions and discuss:

"How do I get out of $520K in mortgages that my deceased father took out in my name?"
"My wife told me she wants a divorce. Should we stop paying off debt?"
"How specific should a budget be?"
"Should I pay off my HELOC in Baby Step 1 or 6?"
"I can't get life insurance due to a heart transplant so should I invest more instead?"
"I've been stuck on Baby Step 1 for three years. How do I stabilize my finances?"
"My husband and I disagree on how to pay for our beach house. What should we do?"

Next Steps:

✅ ⁠⁠Help us make the show better by taking this short survey!⁠⁠

📞 Have a question for the show? Call 888-825-5225 weekdays from 2–5 p.m. ET or ⁠⁠send us an email.⁠⁠

🎟️ ⁠⁠⁠⁠⁠Dave Ramsey and John Delony are going on tour this month! Get tickets today⁠⁠ 🏠 ⁠⁠Get organized and prepared to buy or sell a home. ⁠⁠

💰⁠⁠⁠Hurry—Your chance to win $5k is almost over! Enter the Ramsey Cash Giveaway today!⁠⁠⁠

💵⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠Start your free budget today. Download the EveryDollar app!⁠⁠⁠⁠⁠

Connect with our Sponsors: