In the life insurance world, there’s a phrase called “Human Life Value”. In this episode, Kim and Spencer explore this topic: how to understand it, and find out what number fits for you.
Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!
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Links and Resources from this Episode
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Show Notes
- An internally used term – 0:35
- Understanding Human Life Value – 1:06
- Human Life Value calculation – 2:44
- What happens when we have other investments – 5:55
- Figure out what you need – 7:06
- Death is a guaranteed event – 8:28
- Whole life insurance and term insurance – 12:02
- Guidance that will help – 12:44
- Insurance the older generations first – 14:38
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Disclosure: Our content is meant for educational purposes only. While it’s our goal to help you learn about building a life of prosperity, we do not intend to provide financial advice. Please consult your financial, tax or legal advisor before making any investment or financial decisions.