Episode 6

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Published on:

5th Oct 2021

Optimizing Your Financial World - Episode 6 (Three Reasons Life Insurance Should be a Part of Your Wealth Plan)

Life insurance isn't the most exciting financial topic, when compared to investment planning overall. However, it's actually one of the most flexible and versatile tools that you have within your wealth planning toolkit!

In the latest installment of Optimizing Your Financial World, Mark and Ryan explore the reasoning behind why you should incorporate life insurance into your overall wealth management strategy. When executed properly, life insurance can provide liquidity, leverage, and certainty to your financial well-being.

So sit back, relax, and enjoy another enlightening conversation!

Timecodes:

0:06 - Overview on the topic of the episode

1:40 - Why life insurance should be a key part of someone's wealth plan

3:12 - The importance of wealth planning to develop a big picture plan

4:40 - The focus should be on the person, not the product

6:14 - When is it time to engage a wealth planner?

8:09 - The part that life insurance plays with wealth planning

9:20 - How versatile life insurance is within a wealth plan

11:25 - The goals life insurance can helps someone achieve

15:22 - How life insurance can be used to address a future need

16:57 - How life insurance can be used to address a business concern

19:30 - How someone can get in touch to discuss this further with Mark and his team

20:47 - Closing remarks


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About the Podcast

Optimizing Your Financial World
It's about how much you get to keep!
Welcome to Optimizing Your Financial World, where we tackle an array of financial strategies and wealth management topics to help better position you, your family, or your business for a better future.

Each episode features Mark Wade, President of Echelon Family Office, who brings over four decades worth of experience in wealth management and investment planning to the show. Mark regularly works with affluent families and entrepreneurs to help better position their portfolios given their personal and professional goals.

Listen as Mark explores a new financial topic each episode and offers guidance on navigating these complex circumstances. At the end of the day, it's not about how many assets you have or how much income you create, it's about how much you get to keep!

So sit back, relax, and allow Mark to shed some light on countless financial strategies and his methodologies for helping four decades worth of clients optimize their financial world.