The Many Uses of Life Insurance

Our 2 Cents – Episode #096

The Many Uses of Life Insurance

On this week’s new episode of the Our 2 Cents podcast, the guys are recapping Steve’s recent appearance on WGN 9 news where he shared helpful tips for tax filing procrastinators. Then they outline 5 useful ways to include life insurance in your financial planning that isn’t just about the death benefit. Listen in now!

  1. The Looming Tax Filing Deadline:
    • Filing an extension – why it matters if you owe or if you are getting a refund.
    • What you need to know now if you plan to use MyTax Illinois to file your state tax return.
    • For those who took advantage of the child tax credit payments, how might that impact your taxes?
    • Why your large refund is the same as giving an interest-free loan to the government.
    • How tax planning is different from tax preparation, and how it can make a huge difference in your overall wealth.
  2. The Many Uses of Life Insurance:
    • There are tons of misconceptions about what life insurance can offer in financial planning, which means many investors don’t think about it outside of its traditional uses.
    • We will cover other ways life insurance can be a critical part of your financial planning, beyond just the death benefit:
      • Life insurance for tax-free retirement income
      • Life insurance as an alternative to a 529 Plan
      • Life insurance for estate planning
      • Life insurance for long-term care
      • Life insurance as a cash alternative
  3. Getting to Know Steve and Gabriel:
    • What is the spiciest food you’ve ever eaten?
    • Do you think we’re alone in this universe?

Tune in now to join us for this discussion!

Request Your Free Consultation Today