In this episode of the Retirement Planning Podcast, hosts Darrin McComas and Jason Fox celebrate Life Insurance Awareness Month by discussing the vital aspects of life insurance with Stoyan Petev, VP of Advanced Markets at C2P. The episode delves into the differences between term and cash value life insurance, alongside detailed explanations of living benefits, tax advantages, and effective financial planning tools. Real-world case studies are examined to highlight the applications and benefits of integrating life insurance into a holistic financial plan. This episode is packed with thoughtful insights, practical tips, and strategies designed to help listeners build and preserve wealth while ensuring their loved ones are protected financially.

00:00 Welcome to the Retirement Planning Podcast

00:47 Introduction of Hosts and Special Guests

02:24 Understanding Life Insurance: Term vs. Cash Value

05:42 Tax Benefits and Living Benefits of Life Insurance

09:17 Holistic Financial Planning and Life Insurance

14:48 Case Studies: Real-Life Applications of Life Insurance

15:06 Myths and Misconceptions About Life Insurance

38:03 Final Thoughts and Conclusion

This podcast is for informational and educational purposes only and should not be considered a substitute for individualized financial, legal, or tax advice. Investing involves risks. Guest opinions are their own. Consult a professional before making financial decisions.