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Quility Founders Series: What type of life insurance is right for me?

Name: Quility Founders Series: What type of life insurance is right for me?
Uploaded: 2020-10-07T16:04:31+00:00
Duration: 1 min 1 s
Channel: Nate Auffort
Description: Nate Auffort discusses which life insurance works for different situations. A 20- or 30-year term policy covers most people, but you might add critical…

7 Oct 2020 · 1 min

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Nate Auffort discusses which life insurance works for different situations. A 20- or 30-year term policy covers most people, but you might add critical illness or disability riders. Aim for enough coverage to pay off debt, like a $1M policy.

I'm gonna go with a term life insurance policy. Probably 20 year, maybe 30 year.
Add a critical illness component to that, maybe a disability. It's good.
Well, that's an easy one. Debt free life. Gotta get rid of that debt.
Something that's gonna pay my debt off. But also give me the life insurance and the same.
Policy. Build some.
Serious.
Cash for the. Oh, there's so many things. Debt free life.
Index. Universal lives. Most of our policies have a return of premium options. So at the end of the term, you get all your money back if you didn't die. Yes.
Oh, definitely. Some catastrophic coverage with a disability. Writer. Good. Load up like.
A million dollar policy. I'd max that.
One out. Max it out? Yeah.