The Wealth on Purpose team discusses the uses of life insurance in the different phases of life and the critical role it plays in a financial plan. A few real stories mixed in!

Key Topics:

• Life insurance is a multidimensional financial tool, not just a death benefit

• Locking in coverage in your 20s secures the best rates at peak health

• Student debt and income potential are reasons younger professionals need coverage now

• Life insurance protects families from financial burden during the grieving process

• Business owners can use buy-sell agreements funded by life insurance to protect partnerships

• Real estate portfolios and estate tax liabilities create specific insurance planning needs

• Death benefits are typically received tax-free, unlike most other significant financial assets

• Policies require regular review as life circumstances, beneficiaries, and wealth levels change

• Survivorship policies help grandparents build generational wealth and change the family's financial trajectory

• The right question to ask your advisor is simply where you are in life and whether coverage makes sense

Connect with us: 

• Brian Diffily

• Brian Hartmann, CFP®

Visit our website:

• Granite Bridge Wealth