In this episode, financial advisor Jim Martin shares essential insights on life insurance, its primary functions, costs, and the types suitable for different situations. He discusses income replacement, estate tax concerns, and fulfilling specific legacy goals, providing practical advice for selecting the right policy. Learn how life insurance can be leveraged for long-term care and the importance of understanding commissions. Perfect for retirees looking to secure their financial future and protect their families.

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00:00 Introduction and Personal Story

01:18 Understanding Life Insurance

02:16 Reasons to Consider Life Insurance

08:48 Types of Life Insurance

11:46 Estate Tax Issues and Life Insurance

16:27 Life Insurance for Charitable Giving

19:26 Long-Term Care and Hybrid Policies

21:14 Conclusion and Disclaimers

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