Keeping your finances on track… Prosperity Economics  style.

P4P032-AnnualInsuranceReviewChecklistKim Butler and Todd Strobel go over several ideas, strategies, and best practices to maximize your money. For instance, Kim explains how you may be able to dramatically increase the upper limits of your property and casualty protection… with NO out-of-pocket costs!

Kim and Todd also give an important tip on how you can use your smartphone to help protect your belongings! Kim discusses mortgages, life insurance, disability, and long-term care insurance as well. Finally, they discuss where and how to store your cash. When was the last time you looked over your insurance and finances? Has it been too long? Find out what steps to put on your financial checklist on today’s episode of the Prosperity Podcast.

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

Show Notes:

[0:00] Prologue

[0:19] Intro

[0:39] Choosing a Time to Review

[1:08] Automobile Deductibles

[5:09] Keeping Pictures of Your Valuables

[6:33] Personal Liability Umbrella

[10:41] Medical & Disability Insurance

[14:19] Long-Term Care Insurance

[15:47] Wills, Trusts, and Power of Attorney

[19:06] Types of Ownership

[20:46] Life Insurance

[22:56] Reviewing Your Own Money

[24:25] Mutual Funds, Stocks, and Bonds

[25:55] 401(k) and IRA’s

[28:37] Mortgages and Investment Real Estate

[31:20] Bridge Loans and Life Settlements

[32:30] Financial Planning Has Failed

[33:18] Wrap-Up

[34:05] Outro

Tweetables:

High deductibles will keep your premiums low and that is the most efficient way to handle car insurance over the course of your lifetime. Click To Tweet You want to have, ideally, the maximum allowable deductible, typically 60% of your income, for disability insurance. Click To Tweet Have you heard of ‘convertible term insurance?’ It enables you to have term insurance that you can switch to whole life insurance. Click To Tweet

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