Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Financial Regrets and Second Chances

3 Mar 2025 · 1 min

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A first-person reflection about past financial decisions regarding life and insurance planning for the speaker's children and newborn granddaughter. The speaker regrets not purchasing whole life policies for their children when they were young, notes they did buy critical illness insurance for them, and reports that a granddaughter born last year had a policy issued this week.

Chapters

There's so many decisions that I should have made or could have made personally, as well as involving my children that I was too busy. I was all in being mayor of Burlington and I just didn't pay attention to anything else. That was my reality. It was wrong, but that was my reality. And I look at the fact that being in the business and knowing the value of purchasing whole life policies at such an early age, I didn't do that for my kids. Now, I am pleased to say I did buy them critical illness insurance. I am very pleased to say that, but I didn't buy them whole life insurance policies when they were young. My granddaughter, who was born last year, just got her policy issued today or issued this week. She's got a policy in place for her.