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In this episode, we ask:
- How much should we put on each person?
- Should it be 50/50? 60/40? 0/100?
- Is the cost of insurance more expensive for two policies (instead of one)?
- Would it be cheaper to put it on the healthier partner?
- Would it be most efficient to put it on the younger partner?
- Where is the difference when one spouse is healthier?
- What did Mark and Katrina do with their first policies?
- What about when you are rated for health concerns?
- How does a health rating tend to affect your cash value?
- How does a health rating tend to affect your death benefit?
- How do we design the policy when there is a health rating?
- How do we design the policy for maximum cash accumulation?
- How much insurance do I need? How much do they need?
- Is it possible to get more insurance than you actually need?
- How much do you actually need? https://www.lifehappens.org/insurance-overview/life-insurance/calculate-your-needs/
- How much do most people need?
- What about “nonworking” (non-salaried) spouses?
- What about Long Term Care needs?
- What is the average day care cost?
- What other underwriting factors exist beyond income?
- How much life insurance do empty nesters need?
- How much do you need for health expenses and long term care expenses in retirement?
- How will you be paying for those expenses when they emerge?
- Are you thinking long range?
- How much extra does a long term care or accelerated death benefit rider cost on a whole life insurance contract?
- Is Long Term Care coverage a vote for putting a policy on each spouse?
- What are the restrictions around a long term care or accelerated death benefit rider?
- How can you protect your family from going into unnecessary debt when you die?
- How can you protect your family from taking on the burden of taking care of your final expenses when you die?
- Do you need life insurance if you’ve paid off your mortgage?
- What are the advantages and disadvantages of having a policy on each partner?
