Tag: Life Insurance

Feature
The Art of College Planning (Pt. 2) (Ep. 38)

The Art of College Planning (Pt. 2) (Ep. 38)

By |

Ever wondered how the FAFSA form could unlock hidden college funding?

Chart the unknown territories of college funding where host Jim McGovern unlocks the mysteries of the FAFSA form and beyond. Tailored for families on the journey of college financial planning, Jim reveals expert tactics for leveraging the FAFSA and unveils a treasure trove of funding strategies.

Key discussion points include:

  • Discover the latest shifts, key filing dates, eligibility secrets, and annual must-dos
  • Learn precise reporting, understand financial changes, and harness the Data Retrieval Tool
  • Insights on assets exempt from FAFSA and why all families should apply
  • Strategies for diverse family structures, including divorced parents and business owners
  • Insider tips on asset positioning and FAFSA reporting essentials
  • Dive into 529 plans, permanent life insurance, and Roth IRAs for college financing
  • And much more!

Resources:

Connect with McGovern Wealth Group:

Podcast: Play in new window | Download (Duration: 39:42 — 35.2MB) | Embed

Subscribe: RSS | More

DNU
Using Life Insurance as an Asset in Your Portfolio (Ep. 23)

Using Life Insurance as an Asset in Your Portfolio (Ep. 23)

By |

In this episode, Bobby Samuelson, President and CEO of Life Innovators, breaks down the complexities of traditional fixed income investing options, and explores how life insurance can be used as an asset in your overall portfolio.

He breaks down how whole life insurance can be a versatile financial instrument, used for the protection of families and businesses, while helping build and enhance wealth. Bobby covers the unique benefits that differentiate whole life insurance from other financial instruments, how it works, its uses, and flexibility.

Bobby discusses:

  • His journey: Past work and what he’s currently doing as the president of Life Innovators
  • Why demand is on the rise for whole life insurance and annuities
  • The stability and returns trade-off of an insurance policy vs. a fixed-income portfolio
  • The complexities associated with investing in bonds
  • The benefits of whole life insurance
  • And so much more!

Resources:

Connect with Bobby Samuelson:

Connect with McGovern Wealth Group:

About Our Guest:

Bobby Samuelson co-founded Life Innovators in 2018 and has been President and CEO since its inception. 

Bobby was formerly Senior Vice President and Head of Life Insurance and Annuity Product Development and Pricing at Brighthouse Financial and Vice President of Life Product Development at MetLife. 

Prior to joining MetLife in 2013, Bobby was a consultant to life insurers, distributors and high-end agents. He is the third generation of his family to work in life insurance. He is also the Executive Editor of The Life Product Review since 2012. 

Bobby is a regular keynote speaker at corporate and industry events.

Podcast: Play in new window | Download (Duration: 52:27 — 43.2MB) | Embed

Subscribe: RSS | More

DNU
How Much Life Insurance Can You Own? (Ep. 22)

How Much Life Insurance Can You Own? (Ep. 22)

By |

It’s impossible to measure the value of a human life. Who you are as a person, and what you mean to your family, friends, and your community, cannot be measured or a dollar value placed upon it. If you suddenly died, such a loss would be permanent, profound, and irreplaceable. Your future earnings potential is about the only thing that is replaceable through proper life insurance protection.

In this episode, we discuss the different mindset people tend to have when insuring material possessions vs. their own life. We also discuss how much life insurance you may be able to acquire based on your age and income, and why trying to figure out coverage amounts based on a needs analysis is the opposite of what most people truly want.

By the end of this episode, you’ll gain a deeper understanding of how life insurance companies can determine the amount of coverage you’re eligible for, and what you can do to help protect the lifestyle you and your family worked so hard to create.

Jim discusses:

  • The importance of life insurance to help ensure that your family can maintain their lifestyle and financial security in the event of your death
  • Why insurance companies won’t allow someone to over-insure their property, income, or life
  • How trying to take a needs approach to determining your life insurance coverage is the opposite of how you treat your career
  • Life Insurance coverage amounts for business owners vs non-business owners
  • And a lot more!

Resources:

Connect with McGovern Wealth Group:

Podcast: Play in new window | Download (Duration: 36:31 — 33.4MB) | Embed

Subscribe: RSS | More