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Insurance can be a tricky thing to navigate. Some people who need it don’t always want it, while others who want it may not necessarily need it.
Plus, a lack of understanding of insurance and how it works could lead to poor decisions and increased reluctance.
In this episode, J. Barry Watts discusses the common types of insurance plans, their tax benefits, and when one plan might be preferred over another.
Barry discusses:
- Three key problems to keep in mind before buying insurance
- The difference between death and life insurance (and which one you really need)
- The process of qualifying for life insurance
- Why insurance decisions depend heavily on your individual circumstances
- And more
Related: New IRA & 401K Rules for 2023