Not Your Average Financial Podcast™

Episode 297: What It’s Like to Give Out 500 Death Benefits with Andrew Young

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In this episode, we ask:

  • What is even better than a five-star review on this podcast?
  • Who do you know who needs to hear this?
  • Would you like a FREE book? Email us at [email protected]
  • What about the mourning and sadness?
  • What about best practices for leaving an inheritance?
  • Who is Andrew Young?
  • Why should you keep your beneficiaries up-to-date?
  • What about the deceased’s wishes?
  • What happened when Andrew’s dad died?
  • What happens when families do the wrong thing?
  • Should we tell our beneficiaries that they are getting money?
  • What does Andrew recommend?
  • What about adult children?
  • What about an annual meeting?
  • What about reviewing the beneficiaries annually?
  • What about an example?
  • Why is it so important to work with an advisor?
  • What could have happened if…?
  • How did Andrew’s client dodge a massive mistake?
  • Which is smaller, the cash value or the death benefit?
  • What about covering nursing care?
  • What about a story?
  • What is the very nature of life insurance?
  • What about dementia?
  • What is the advantage of very mature policies?
  • How fast did the family receive the death benefit upon his death?
  • What is the typical rough timeline for death benefit payments?
  • How were the generations changed?
  • What about another story?
  • What about getting everything in place?
  • How did Andrew become an honorable member of the family?
  • What can we do to receive well?
  • What can we do to give well?
  • Do you have a place for your usernames and passwords?
  • Are the survivors able to access your accounts, documents and other details?
  • What about the medical directive?
  • What about a patient advocate?
  • What about getting legal documents set up?
  • Does everybody have a will?
  • How might we set our family up to succeed?
  • What about a poem?
  • Aren’t you thankful for Andrew?

    • Andrew Young is the Director of Recruiting for Bank On Yourself®. For over 25 years, Andrew has worked with individuals and business owners on retirement planning, succession planning, and estate preservation. He has been married to his wife Maureen for over 35 years, and they have two children. In Andrew’s spare time, he and his wife love to sail.

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