Episode 8 - Myth 6 - You Don’t Need Life Insurance

Many financial services professionals today believe their clients do not need insurance because they are self-insured. However, once clients truly understand what insurance can do for them, they tend to see the power of life insurance when it is a part of an overall financial strategy. Insurance is a way to transfer risk and by taking away that risk, you no longer need to worry about absorbing that risk.

Learn more about the myth of life insurance in this podcast:

Pension maximization is a financial strategy that has the potential to increase retirement income by combining the benefits of permanent life insurance with aspects of a defined benefit pension plan, particularly in cases where the pension participant may choose between a Life Only Benefit and a Joint and Survivor benefit, which pays a benefit for as long as the plan participant or a surviving spouse lives. 

Disclosure:

This podcast is for informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. Guest speakers and their firms are not affiliated with or endorsed by PAS, Guardian, or BiondFinancial and opinions stated are their own. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation.  

By providing this content The Guardian Life Insurance Company of America and your financial representative are not undertaking to provide advice or make a recommendation for a specific individual or situation, or to otherwise act in a fiduciary capacity.  

Joseph Biondolillo is a Financial Representative of The Guardian Life Insurance Company of America® (Guardian), New York, NY. BiondFinancial is not an affiliate or subsidiary of Guardian. CA Insurance License Number - 0I32947 / AR Insurance License Number- 12821376.  #2023- 151752. Expires 03/2025