In this episode of the Financially Fit Couple, Matthew Gray engages with Tessa Von Lossberg from LD&B Financial to delve into the often-overlooked yet crucial topic of life insurance. Tessa shares her unexpected journey into life insurance and emphasizes its importance in a comprehensive financial plan.
They discuss the basics of life insurance, distinguish between term and permanent policies, and explore common misconceptions and mistakes couples make regarding coverage. The conversation also covers how to assess life insurance needs, the potential inadequacy of employer-provided plans, and the significance of reassessing coverage after major life events.
Tessa provides practical advice on how to start the conversation with a partner about life insurance and outlines the steps to get adequate coverage. Real-life examples illustrate the profound impact life insurance can have on families. Listeners are encouraged to take timely action to ensure financial protection for their loved ones.
00:38 Introduction to Life Insurance with Tessa
01:18 Tessa's Journey into Life Insurance
03:17 Understanding Life Insurance Basics
06:58 Types of Life Insurance Policies
10:22 Employer-Provided Life Insurance
13:44 Determining Your Life Insurance Needs
19:44 Common Mistakes and Real-Life Examples
28:45 Taking Action and Next Steps
32:06 Conclusion and Contact Information
Tessa's Contact Info
https://www.ldbfinancialgroup.com/meet-our-team/
tessa@ldbfinancialgroup.com
LPL Financial and LD&B Financial are separate entities.
Matthew Gray
https://www.linkedin.com/in/matthew-gray-cfp%C2%AE-5a2144134/
https://schrockfin.com/
Securities and advisory services offered through LPL Financial, a registered investment advisor, Member FINRA/SIPC
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