New Money New Problems Podcast The Types of Insurance Every Person Needs
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How Much Life Insurance Do I Need Episode
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Insurance Essentials for Families: Home, Auto, Umbrella, Health, Disability, Life & Long-Term Care
In this episode we discuss the key insurance types every person should consider. We review property-related protections—auto, renters insurance, and the various elements of homeowners insurance. Brenton explains umbrella policies as inexpensive additional liability protection, and then cover personal insurances: the necessity of health insurance despite high marketplace costs, long-term disability as paycheck protection (including group-policy tax and income-definition gaps), life insurance needs often being underestimated and requiring calculators and appropriate term length, and long-term care insurance to protect assets and avoid Medicaid impoverishment.
Tune in!
00:00 Why Insurance Matters
00:40 Podcast Intro and Updates
01:04 Symposium Invitation
01:59 Episode Roadmap
03:04 Auto Coverage Basics
04:09 Renters Insurance Essentials
05:17 Homeowners Policy Breakdown
11:51 Umbrella Liability Protection
14:37 Break and Gap Finder
15:43 Health Insurance Reality Check
18:05 Disability Paycheck Protection
22:15 Life Insurance Sizing
24:04 Long Term Care Planning
28:52 Wrap Up and Next Steps