“Financial Planning and Life Insurance”

“Financial Planning and Life Insurance”


Hello and welcome to this episode of ‘What’s On My Mind” with Kaleb Paddock. I’m Kaleb Paddock, the founder of Ten Talents
Financial Planning. Thank you for tuning in. It’s great to be seen by you today
here on the “What’s On My Mind” series. What’s on my mind today is the topic of life insurance. Life insurance is a topic that not many people like to think
about. It implies the topic of death and this is a topic we typically like to
avoid as human beings, the topic of death. And while that’s understandable it is a
topic – life insurance – that comes up especially with young families. Questions
of how much should we get? Is this necessary/ Where should we purchase it?Etc. So what I’d like you to think about today and what’s on my
mind is – think about getting a life insurance education and knowledge from
someone who is neither selling new life insurance or managing your investments.
And I say this because you’re gonna have some conflicts on either side. If I’m
trying to sell you life insurance I’m trying to get you into a product that it
may be in your best interest, it may not be, but my interest is in selling you the
product because that’s how I get paid. If I manage your investments I’ll probably
steer you away from certain life insurance products to get most of your
money in the investments that I’m managing for you because I get paid by
managing your money, not by selling any life insurance, and of course if I do
both I’m gonna try to get you into one of them either way. So if you can find someone who
will give you advice, educate you, give you knowledge without selling you
something or having an underlying agenda that’s really the best case scenario to
empower you with knowledge. Check out the XY Planning Network if you’re looking for a
person like this. Full disclosure, if you search in Colorado I am on the XY
Planning Network. We’ve got nine hundred plus advisers on
there who can give you great guidance in this format, that can help you out in
educating you around life insurance and what’s best for your fit. So think about
that today if you have a life insurance topic on your mind and again thank you
for tuning in. It’s great to be seen by you and I hope you’re having a fantastic
Friday. All right, bye now.

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