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How Much Life Insurance Do You Really Need?
Most families dramatically underestimate how much life insurance they actually need and the consequences don’t show up until it’s too late.
In this episode, we walk through a real-world story of a family that did have life insurance… but not nearly enough. On paper, $500,000 of coverage sounded substantial. In reality, it created stress, uncertainty, and a financial countdown clock at the worst possible moment.
You’ll learn why life insurance matters most during your working years, how to think about true income replacement, and why your need for coverage is often far higher than employer policies or quick rules of thumb suggest. We also explain why term insurance is usually the right tool for families with young or dependent children and why permanent and whole life insurance are so often oversold during this stage of life.
This conversation is especially important for families balancing mortgages, college planning, retirement savings, and a single primary income. The goal isn’t complexity or flashy products—it’s protecting the people who depend on you.
Want to achieve financial freedom for personal significance? Work with us at https://www.f5fp.com
About F5 Financial Planning:
At F5 Financial Planning, we help individuals and families align their finances with what matters most so they can live lives of Freedom and Significance. We are a fee-only, fiduciary financial planning and investment management firm, meaning we don’t earn commissions or sell products — our only commitment is to our clients’ best interests. We provide comprehensive financial planning, investment management, tax-efficient strategies, and retirement planning for families, corporate executives, and entrepreneurs. Our team serves clients nationwide through virtual meetings and from offices in Illinois, Georgia and Florida.
At F5, our goal is simple: to help you gain confidence, clarity, and control over your financial future so you can focus on the people and passions that matter most.
Visit https://www.f5fp.com to learn more about our services and planning process.
*****
Advisory services are offered through F5 Financial Planning, LLC, an SEC-registered investment adviser. This content is for educational and informational purposes only and should not be considered personalized financial, investment, tax, or legal advice.
Viewing these videos does not create an advisory relationship with F5 Financial. All investments involve risk, including possible loss of principal. For guidance specific to your situation, please consult a qualified professional.
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By Josh Duncan, CFP®Most families dramatically underestimate how much life insurance they actually need and the consequences don’t show up until it’s too late.
In this episode, we walk through a real-world story of a family that did have life insurance… but not nearly enough. On paper, $500,000 of coverage sounded substantial. In reality, it created stress, uncertainty, and a financial countdown clock at the worst possible moment.
You’ll learn why life insurance matters most during your working years, how to think about true income replacement, and why your need for coverage is often far higher than employer policies or quick rules of thumb suggest. We also explain why term insurance is usually the right tool for families with young or dependent children and why permanent and whole life insurance are so often oversold during this stage of life.
This conversation is especially important for families balancing mortgages, college planning, retirement savings, and a single primary income. The goal isn’t complexity or flashy products—it’s protecting the people who depend on you.
Want to achieve financial freedom for personal significance? Work with us at https://www.f5fp.com
About F5 Financial Planning:
At F5 Financial Planning, we help individuals and families align their finances with what matters most so they can live lives of Freedom and Significance. We are a fee-only, fiduciary financial planning and investment management firm, meaning we don’t earn commissions or sell products — our only commitment is to our clients’ best interests. We provide comprehensive financial planning, investment management, tax-efficient strategies, and retirement planning for families, corporate executives, and entrepreneurs. Our team serves clients nationwide through virtual meetings and from offices in Illinois, Georgia and Florida.
At F5, our goal is simple: to help you gain confidence, clarity, and control over your financial future so you can focus on the people and passions that matter most.
Visit https://www.f5fp.com to learn more about our services and planning process.
*****
Advisory services are offered through F5 Financial Planning, LLC, an SEC-registered investment adviser. This content is for educational and informational purposes only and should not be considered personalized financial, investment, tax, or legal advice.
Viewing these videos does not create an advisory relationship with F5 Financial. All investments involve risk, including possible loss of principal. For guidance specific to your situation, please consult a qualified professional.