Policy and Purpose

What if your life insurance could support you while you’re still alive? In this episode of Policy & Purpose, we explore life insurance with living benefits—a powerful, evolving option that goes beyond traditional death coverage.

You'll learn how living benefits riders can provide financial relief during your lifetime if you face a critical, chronic, or terminal illness. From helping with medical bills to covering lost income and...

Planning for end-of-life expenses isn’t easy—but it doesn’t have to be overwhelming. In this episode of Policy & Purpose, we explore burial and final expense insurance to help you make informed, confident decisions for yourself or a loved one.

We break down the differences between burial, cremation, guaranteed acceptance, and no-exam whole life policies, offering real insight into how age, health, and coverage amount affect pric...

In this episode of Policy & Purpose, we break down the essential facts about long-term care and disability insurance—two of the most overlooked yet financially critical types of coverage.

We explore insights from the NAIC’s Shopper’s Guide to Long-Term Care Insurance, helping you understand what long-term care includes, why Medicare doesn’t cover most of it, and how to determine if this type of policy is right for you or a loved...

Why do term life insurance premiums differ so much? In this episode of Policy & Purpose, we reveal the 8 key factors that drive your rates—from age, health, and family history to lifestyle, occupation, coverage amount, term length, and policy type .

We’ll clear up the misconception that life insurance is out of reach and share how choices like quitting smoking or selecting a shorter term can help lower your cost . Whether you’re...

Think “buy term and invest the difference” is the gold standard? Think again. In this episode of Policy & Purpose, we unpack Wade Pfau’s groundbreaking research on whole life insurance—showing how permanent policies can enhance retirement income, manage volatility, and build legacy in ways term insurance can’t.

We dive into:

• Why whole life can outperform traditional term-plus-invest strategies

• How its cash value acts as a buff...

Boost your policy with powerful add-ons! In this episode of Policy & Purpose, we unpack the 8 most common life insurance riders—like guaranteed insurability, accidental death, waiver of premium, long-term care, and more. Learn how these riders can transform a standard plan into a tailored safety net for your family's needs. We'll explain the benefits, costs, and when each rider truly makes sense—so you can make informed, confid...

Is Indexed Universal Life (IUL) really the safe, high-return solution it's marketed to be? In this episode of Policy & Purpose, we unpack a deep critique from Witt Actuarial Services highlighting how IUL illustrations often omit dividends, use unstable non-guaranteed caps, and downplay fees, potentially leading to poorer-than-expected returns—even with a 0% floor

We also compare IULs to whole life policies to reveal where each ...

In this episode of Policy & Purpose, we unpack the record-breaking rise in annuity sales in 2024 and what it means for the future of retirement planning. With Baby Boomers seeking portfolio protection amid market volatility and interest rate shifts, indexed and structured annuities have taken center stage.

We explore how retirees are customizing annuities to balance growth and protection, and why the fear of outliving savings is...

In this eye-opening episode of Policy & Purpose, we explore the growing concerns around retirement security in 2024 and beyond. As traditional pensions fade and Social Security faces mounting pressure, more individuals are shouldering the burden of planning for retirement on their own.

We break down insights from the Social Security Bulletin and the 2024 NATIXIS Global Retirement Index, covering key risks like inflation, interes...

In this episode of Policy & Purpose, we’re breaking down the most common mistakes people make when buying life insurance—and how to avoid them. Whether it’s underestimating your coverage needs, forgetting to compare policies, or overlooking crucial exclusions, these slip-ups can cost your family more than just peace of mind.

We’ll walk you through the differences between term, whole, and universal life insurance, and explain the...

What makes whole life insurance more than just a death benefit? In this episode of Policy & Purpose, we dive into how whole life policies offer permanent protection, guaranteed cash value growth, and powerful financial planning benefits.

We explore how whole life differs from term insurance, and how it can be used strategically for retirement income, estate planning, and even accessing funds when you need them most. You'll l...

In this episode of Policy & Purpose, we explore the unique features and benefits of specialized life insurance options that go beyond the basics. Whether you’re planning for final expenses, navigating a serious illness, or just want more flexibility in your coverage, this episode will equip you with the knowledge to choose confidently.

We break down final expense insurance, ideal for seniors looking to cover funeral costs with e...

Think life insurance is just about a payout after death? Think again. In this eye-opening episode of Policy & Purpose, we uncover the powerful hidden protections tucked inside many life insurance policies that can offer real-life support when you need it most.

From living benefits that let you access your policy during critical illness, to premium waivers if you're ever disabled, these lesser-known features can offer comfort, fl...