Life Insurance 101 - What You Need to Know (Ft. Yoel Bodek) | KOSHER MONEY Ep 6

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The opening of this shiur, in Living Lchaim’s own words — taken from the captions, so names and Hebrew terms may be approximate.

An episode on life insurance? Yes, this is a super important episode. We sat down with Yoel Bodek, who doesn't actually sell life insurance to individuals. He'll tell you what he does, but he was super insightful. Life insurance, what is it? What are the different types? How much does it cost? What are some success stories? Who can we turn to if we need life insurance? Well, everyone has a life insurance salesman, right? And if you're not, I promise you if you post to your status, I need someone who sells life insurance and they have to be good, you'll get 10 replies within the first 20 minutes. Um, there are great people out there. I use a great person. Um, Yakov, do you have life insurance? Yes, sir. A lot of people have life insurance and a lot of people don't. I did a poll on my status as to who has life insurance and what type. Do you have term? Do you have whole / permanent? And everyone besides one person said that they have life insurance, which means I think people that didn't have it were a little bit shy. Don't be shy. It's um, critical. You don't go through school in 11th grade, they teach you what life insurance was. Yakov, did you know what life insurance was before you got married? Or like, did you know the ins and outs of it? No, that's all. I thought it was the same thing as health insurance. Okay. Which you have health insurance? Yes. Okay, health insurance is super important, too. But, um, Yoel was very insightful. Um, life insurance, especially term, can cost a handful of dollars a month and you can

Jump to a moment

1. 0:00An episode on life insurance? Yes, this is a super important episode. We sat down with…
2. 7:25However, when those folks look for a product outside of their own company, they come to…
3. 13:09but during the height of COVID, there was somebody who brought all of these different campaigns…
4. 19:30insurance does have what they call a cash value account, and generally it'll grow at a…
5. 25:12others as well. The point that we're is that even without the blood work, they get…
6. 31:28to get because we were discussing earlier that life insurance today can be gotten without exams.…
7. 37:13in some instances of combining life insurance ownership with retirement planning. Uh but that I think…
8. 43:29involved in it, to me, that's a brilliant idea. Have you seen it? Have you heard…
9. 50:24Is health insurance more important than life insurance? So, I'm not sure I And I come…
10. 56:35of get together and do it on their own." And it's cheaper if It's cheaper if…

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