DiscoverThe Prosperity PodcastCreating Your Ceiling and Floor with Life Insurance - Episode 587
Creating Your Ceiling and Floor with Life Insurance - Episode 587

Creating Your Ceiling and Floor with Life Insurance - Episode 587

Update: 2024-10-01
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Description

On this episode of the Prosperity Podcast, special guest Teresa Sheridan, an expert from Prosperity Thinkers, breaks down the complexities of life insurance. With nearly 20 years in the field, Teresa shares a step-by-step guide, from policy inception to usage and renewals. If you’re confused about whole life insurance, this episode is a must-listen for clear insights and practical advice. Teresa’s expertise in designing policies tailored to individual needs will help you navigate insurance decisions with confidence. Tune in to understand the full spectrum of life insurance and plan effectively for the future!

Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers' thinking and strategies today!

Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.

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Show Notes

  • Overview of the podcast’s topic.
  • Teresa’s 20-year experience with Prosperity Thinkers.
  • Common points in the life insurance process where clients get hung up.
  • Complexity of whole life insurance.
  • Strategies to make whole life insurance understandable and appealing.
  • Importance of long-term thinking in life insurance.
  • Explaining whole life insurance benefits including long-term care.
  • Floor and ceiling concept for policy design.
  • Convertible term for maximum future flexibility.
  • Importance of not just cost but value in insurance planning.
  • Use of illustrations in life insurance for projections.
  • Checking in regularly with clients to update their policy based on life changes.
  • Encouragement for listeners to start conversations to understand their insurance needs.

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Free eBook: Activating Your Prosperity Guide.

Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! 

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Creating Your Ceiling and Floor with Life Insurance - Episode 587

Creating Your Ceiling and Floor with Life Insurance - Episode 587

Kim Butler, Spencer Shaw