Insurance 101 - E51

If a guy from Facebook messages you about whole life insurance more than your mom texts you, it's time to be suspicious. He may have more interest in your wallet than your well-being.

 

But not all insurance is bad. Insurance is meant to protect wealth, not create it, and anyone who’s crashed their car or broken their clavicle knows this to be true. 

 

So, what insurance is right for you? Jesse breaks down the types of personal insurance that can help protect your assets, your health and your loved ones. Oh, and he also throws shade at that guy from Facebook trying to sell you on whole life insurance. Spoiler alert: more often than not, whole life insurance isn’t optimal for you.

 

But Jesse’s no expert on insurance, so he brings in Broc Buckles, owner of BC Brokerage, a fee-only insurance brokerage focused on making insurance simple. Broc walks us through what kind of insurance a 25-45 year old might benefit from, what insurance is overkill, and the difference between whole life vs term life insurance. 

 

Follow Brock:

Website: https://www.bc-brokerage.com/

Email: Broc@bc-brokerage.com

 

More of The Best Interest:

Check out the Best Interest Blog at bestinterest.blog

Contact me at jesse@bestinterest.blog

 

The Best Interest Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.