Show notes
Some parts of your finances aren’t always glamorous, but they are still a critical piece of the picture. In this episode of the Your Next Money Move podcast we discuss the various ways to Cover Your Assets. Estate planning, insurance, and freezing your credit may not be the most exciting parts of your financial picture but they shouldn’t be skipped! At the end of this episode, you will have a better understanding of types of estate planning and insurance coverages, how much you should have and how often they should be updated, to protect yourself and the people you care most about. 3:03 - Important estate planning documents 6:21 - Two primary types of trusts and what they do 9:08 - How often should you revisit your estate planning? 11:20 - Who should do estate planning? 11:56 - What are the types of life insurance? 14:40 - What are the differences between Term and Whole Life Insurance? 19:23 - What to consider if you do have a Whole Life Insurance policy? 21:55 - How much life insurance is the right amount? 23:55 - How does inflation impact the amount of life insurance needed? 25:45 - How long will you need life insurance? 28:03 - What is the application process and underwriting process for life insurance? 32:10 - What is disability insurance? 34:02 - What are the differences between long-term and short-term disability insurance? 36:25 - Two things to be concerned about when choosing disability insurance 37:30 - What is the difference between group and private disability insurance? 39:40 - What is umbrella insurance? 42:10 - How much umbrella insurance should you have? 44:23 - How much home and auto insurance coverage should you have? 49:25 - How do credit freezes help? Find more from us: www.yournextmoneymove.com www.instagram.com/yournextmoneymove
