What would happen to your family if you or another primary income earner suddenly became disabled and couldn’t work for an extended period of time? What if they died and their income disappeared forever? Many families would have a hard time paying the mortgage, the property taxes, tuition, and many other expenses involved in a family’s daily life. And believe it or not, the majority of families don’t have an adequate plan to cover all those expenses.   In this episode, Kirsten Howe speaks with independent insurance specialist Todd Wellnitz about different types of insurance that he refers to as “lifestyle insurance.” He’ll share some general rules and stories to educate us about this critical aspect of financial and estate planning.   Don’t be caught off guard in the case of disability. This podcast will ensure you’re prepared for a loss of income in an unexpected situation.    Todd believes people’s lifestyles are very personal to them, and he wants to make sure that his clients keep that lifestyle protected in case life shows up in those not-so-happy and unexpected ways. Todd recommends using insurance tools such as disability insurance, life insurance, long-term care insurance, and some income annuities as stabilization strategies for his client’s financial future, so they can sleep better at night.   As a fully independent broker, Todd’s company, Wellguard Insurance & Financial, has no obligation to sell any insurance company’s product. This means he doesn’t have a quota to provide a certain number of policies to his clients.    For consumers, Todd’s job is to make his clients look as attractive to the right insurance company as possible so he can get more money for their families from the big insurance companies. Another advantage to Todd’s business is that he can pick and choose from a variety of insurance companies to source the best protection for a particular situation.   Some of the topics covered in this podcast include:  

• The types of insurance that can be used to help generate income if a person becomes disabled
• The amount of lifestyle insurance you’ll need to secure based on your income in order to protect your lifestyle
• Believe it or not. You could be the beneficiary of your own life insurance policy
• How to convert a term life insurance into a permanent policy without reapplying based on health
• Using income annuities to help pay for long-term care
• Why it’s beneficial to work with an independent insurance agent
• What you can do if you can’t secure insurance coverage based on your health

And more.   If you haven’t thought much about how you’d protect your family’s lifestyle if the primary earner were to become disabled, and you want to learn how to do it, this is the episode for you. Todd introduces our audience to fascinating and valuable solutions for people.