The Power of Term Life Insurance: Why It Beats Whole, SBP, and VGLI for Veterans |E74
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The Power of Term Life Insurance: Why It Beats Whole, SBP, and VGLI for Veterans |E74
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Narrated by:
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About this listen
In this episode, I discuss the basic principles of term insurance and why for most families it is the preferred method of life insurance over permanent insurance, SBP, and VGLI.
Key Timestamps:
00:00 Introduction & why term life insurance
01:10 Principles of Term Insurance
03:35 How much term insurance do you need?
05:35 Calculating your coverage
07:10 Comparing Term vs. Permanent, VGLI, and SBP
12:09 Final thoughts & summary
Resources Mentioned:
- Episode 22: Whole vs. Term Life Insurance
- VGLI Costs
More of Baskin Financial Planning:
Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? Book an intro call with me to see if we would be a mutual fit.
Questions or comments, drop me a note at: erik@baskinfp.com
www.baskinfp.com/post/74