How Much Life Insurance Is Enough at Each Stage of Life?
Episode 288
How Much Life Insurance Is Enough at Each Stage of Life?
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Equipping Points:
The amount of life insurance you need changes significantly as your life and responsibilities evolve. David shares practical considerations for thinking through coverage needs at different stages of life, from early adulthood through retirement years. Rather than focusing on one-size-fits-all answers, David offers general tips to help listeners think more clearly about how life insurance might fit into a broader financial picture.
Here’s some of what we discuss in this episode:
🛡️ Coverage Basics: General considerations for determining an appropriate amount of life insurance
🧩 Life Factors: How income, family responsibilities, and financial obligations may influence coverage needs
📈 Peak Responsibility Years: Common planning considerations during working and family-raising years
⏳ Later-Life Coverage: How life insurance needs often shift in the late 50s and early 60s
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Legacy Planning: Using life insurance thoughtfully when considering heirs and long-term goals
Today's Takeaway:
Some of these episodes were recorded under the branding of KC Financial Advisors, which has since rebranded as CreativeOne Advisors Group. Any references to KC Financial Advisors should now be understood as referring to CreativeOne Advisors Group.
