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So Money with Farnoosh Torabi
1692: Ask Farnoosh: Is it OK to Invest Solely in the SP500? How Much Life Insurance Do I Need? (Encore)
Jul 5, 2024
Pam Krueger, founder of Wealthramp, discusses life insurance, investing in the US stock market, and credit card debt relief. She emphasizes the importance of working with fiduciary advisors and financial planners. The podcast also covers topics like building an investment portfolio, managing debt wisely, seeking unbiased financial advice for life insurance, and promoting financial literacy for kids.
45:55
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Quick takeaways
- Prioritize unbiased guidance when selecting life insurance providers.
- Strategic planning and disciplined management are crucial for tackling credit card debt effectively.
Deep dives
Finding the Right Term Life Insurance Provider
When seeking a good life insurance provider, it is crucial to prioritize unbiased guidance. Referrals from fee-only financial planners can offer valuable recommendations. Additionally, online platforms like Policygenius and AccuQuote allow for comparison shopping to find competitive term life insurance policies that suit individual needs without pushy upselling tactics. Assessing the term length depends on personal circumstances, such as supporting dependents until a certain age, making it essential to align the term duration with specific financial goals.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode