In this episode of The Money Twins Podcast, Matt & Brad discuss how transferring risk can be used to your benefit. What happens if you don’t have the assets to cover the loss of a loved one, and how transferring the risk to an insurance company can be extremely beneficial for you.
Insurance is often looked at as a dirty word, and a lot of people say they don’t believe it in. Matt explains why insurance shouldn’t be put in the same category as a “fairy tale”.
The guys also discuss how to go about understanding the amount of insurance you need when shopping for life insurance, and how much money a stay-at-home parent really is saving the family. Get a free quote online at Policygenius. It's fast and easy and will give you an instant and accurate quote.
Your ability to earn income is your largest asset, how will you replace it? And, which goals should you consider as “non-negotiable” when deciding on how much life insurance you need.
They also bring up the chances of becoming disabled, why it is almost always overlooked, and how disability insurance just might be the most important insurance you could consider. Policygenius also offers disability insurance and all quotes are done quick and easy online.
Matt & Brad also give their insight on what kinds of insurance take priority over others, and in what order you should purchase them.
Niesha brings up how looking up her ancestry is her main driver on traveling the world, and how she is using 23andme and Ancestry to help organize her goal of a lifetime. She found a living relative who took the same career path as her, only in her heritage country.
Matt tells Brad about his heritage discovery while visiting Disney World with his family, and how their Coat of Arms might have Mickey Mouse ears.
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