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Living Benefits Life Insurance: Protect Your Health and Wealth Before It’s Too Late
In this episode of the "GenWLTH Podcast", host Judy Robbins shares her personal story of financial hardship and highlights the importance of financial planning. She explains the concept of living benefits life insurance, detailing how it differs from traditional policies by providing access to funds during critical, chronic, or terminal illness. Judy illustrates how these benefits can help cover medical and daily expenses, offering peace of mind and security. The episode concludes with a reminder to review insurance policies and a call to subscribe and share, reinforcing the podcast’s mission to empower families to protect their financial futures.
Health and Wealth Connection (00:02:18) Discussion on the direct relationship between health and wealth, and the importance of maintaining good health.
Traditional vs. Living Benefits Life Insurance (00:04:34) Explanation of traditional life insurance versus living benefits life insurance, and why Judy only recommends the latter.
Death Benefit and Tax Implications (00:05:49) Details on how traditional life insurance pays out, and the tax-free nature of death benefits.
Critical Illness Rider Explained (00:07:04) Explanation of the critical illness rider, qualifying conditions, and payout scenarios based on severity.
Real-Life Stories & Benefits (00:13:11) Sharing real-life examples of clients benefiting from living benefits, including a terminal diagnosis case.
Importance of Living Benefits for Financial Security (00:14:26) Emphasis on using living benefits to cover bills and expenses during health crises, rather than relying on death-only policies.
Powerful Quotes from the Episode:
Judy, 00:00:00, "I was left to pick up the pieces, and through that journey, I realized how critical it is to have a financial plan in place."
Judy, 00:03:30, "If we had living benefits life insurance, I think it would have been a completely different outcome."
Judy, 00:15:39, "It also gives me peace of mind that I know, should anything happen, if I'm diagnosed with something, I am now very well covered and I will have access to money in my life insurance policies."
Resources- WEBSITE: https://sixthandking.com/
- FOLLOW THE PODCAST: GenWLTH with Judy Robbins on Apple Podcasts and Spotify
- CONNECT WITH JUDY: Facebook, Instagram, LinkedIn
- Book a Free Consultation with Judy: https://calendly.com/judy-sixth-and-king
Podcast Produced and edited by the team at ResilientVoiceMedia.com
Contact us for expert podcast production and support.
View all episodes
By Judy RobbinsIn this episode of the "GenWLTH Podcast", host Judy Robbins shares her personal story of financial hardship and highlights the importance of financial planning. She explains the concept of living benefits life insurance, detailing how it differs from traditional policies by providing access to funds during critical, chronic, or terminal illness. Judy illustrates how these benefits can help cover medical and daily expenses, offering peace of mind and security. The episode concludes with a reminder to review insurance policies and a call to subscribe and share, reinforcing the podcast’s mission to empower families to protect their financial futures.
Health and Wealth Connection (00:02:18) Discussion on the direct relationship between health and wealth, and the importance of maintaining good health.
Traditional vs. Living Benefits Life Insurance (00:04:34) Explanation of traditional life insurance versus living benefits life insurance, and why Judy only recommends the latter.
Death Benefit and Tax Implications (00:05:49) Details on how traditional life insurance pays out, and the tax-free nature of death benefits.
Critical Illness Rider Explained (00:07:04) Explanation of the critical illness rider, qualifying conditions, and payout scenarios based on severity.
Real-Life Stories & Benefits (00:13:11) Sharing real-life examples of clients benefiting from living benefits, including a terminal diagnosis case.
Importance of Living Benefits for Financial Security (00:14:26) Emphasis on using living benefits to cover bills and expenses during health crises, rather than relying on death-only policies.
Powerful Quotes from the Episode:
Judy, 00:00:00, "I was left to pick up the pieces, and through that journey, I realized how critical it is to have a financial plan in place."
Judy, 00:03:30, "If we had living benefits life insurance, I think it would have been a completely different outcome."
Judy, 00:15:39, "It also gives me peace of mind that I know, should anything happen, if I'm diagnosed with something, I am now very well covered and I will have access to money in my life insurance policies."
Resources- WEBSITE: https://sixthandking.com/
- FOLLOW THE PODCAST: GenWLTH with Judy Robbins on Apple Podcasts and Spotify
- CONNECT WITH JUDY: Facebook, Instagram, LinkedIn
- Book a Free Consultation with Judy: https://calendly.com/judy-sixth-and-king
Podcast Produced and edited by the team at ResilientVoiceMedia.com
Contact us for expert podcast production and support.