The Wealth on Purpose team discusses the uses of life insurance in the different phases of life and the critical role it plays in a financial plan. A few real stories mixed in!

Key Topics:

Life insurance is a multidimensional financial tool, not just a death benefit

Locking in coverage in your 20s secures the best rates at peak health

Student debt and income potential are reasons younger professionals need coverage now

Life insurance protects families from financial burden during the grieving process

Business owners can use buy-sell agreements funded by life insurance to protect partnerships

Real estate portfolios and estate tax liabilities create specific insurance planning needs

Death benefits are typically received tax-free, unlike most other significant financial assets

Policies require regular review as life circumstances, beneficiaries, and wealth levels change

Survivorship policies help grandparents build generational wealth and change the family's financial trajectory

The right question to ask your advisor is simply where you are in life and whether coverage makes sense

Connect with us: 

Brian Diffily

Brian Hartmann, CFP®

Visit our website:

Granite Bridge Wealth

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