How much life insurance do I need?

You know that disability insurance protects you if you are injured and unable to work, allowing you to still provide for your family. But what about the true worst-case scenario… Dying and leaving your family without any financial resources at all. This is where life insurance plays a significant role in your financial plan.

In this episode, Billy discusses how to calculate the proper amount of life insurance, and important factors to consider when purchasing your policy. 

Highlights from this episode include:

• This life insurance calculation helps make sure you have enough coverage to keep your family from starving ([0:54])
• Many physicians fail to consider these factors when purchasing life insurance ([2:09])
• The economic circumstances you must consider to be confident you have enough insurance ([3:47])
• Why the wrong mindset on life insurance can destroy your legacy ([6:01])

To ask questions on insurance coverage or to get a quote, please don’t hesitate to call us anytime at 704-270-2376, and I’d be glad to discuss your specific situation with you.

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If you enjoyed and valued this content, you might also want to check out Physicians Entrepreneurial Approach to Financial Planning with Kyle Christensen Pt.1. This episode is available on this site’s podcast channel (Click HERE) or on Spotify or Apple Podcasts.

And/or Physicians Entrepreneurial Approach to Financial Planning with Kyle Christensen Pt.2. This episode is available on this site’s podcast channel (Click HERE) or on Spotify or Apple Podcasts.