whole life insurance

Pension Lump Sum or Annuity?

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We start the show this week with Joe from Chicago, who thankfully has a good BS detector. His alarm went off after his “advisor” suggested he take out a whole-life insurance policy for his nine year old son. This was a crazy one!

Next up was Janet from California who is in the process of weighing some options regarding her pension plan. Lump sum or annuity? What are some of the factors that should be considered?

When you’re interviewing people on a regular basis, sometimes there’s an instant connection.

It happened when I met Chris Guillebeau and it happened when I met Sam Conniff Allende, author of Be More Pirate: Or How to Take on the World and Win.

It was like reconnecting with a long-lost friend, which of course made for a very fun chat.

In his tiny, sleek, little book, Conniff Allende unveils the innovative strategies of Golden Age pirates, drawing parallels between the tactics and teachings of legends like Henry Morgan and Blackbeard with modern rebels, like Elon Musk, Malala, and Banksy.

Featuring takeaway sections and a guide to building your own pirate code 2.0, Be More Pirate will show you how to leave your mark on the 21st century.

1. Rebel — Draw strength by standing up to the status quo.
2. Rewrite — Bend, break, but most importantly, rewrite the rules.
3. Reorganize — Collaborate to achieve scale, rather than growth.
4. Redistribute — Fight for fairness, share power, and make an enemy of exploitation.
5. Retell — Weaponize your story, then tell the hell out of it.

Whatever your ambitions, ideas and challenges, Be More Pirate will help change the way you live, think, and work today, and tomorrow. So what are you waiting for? Join the rebellion.

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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Do I Need Whole Life Insurance?

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If you're a regular listener you know that one of my pet peeves, maybe my #1 pet peeve, is when sales reps try to sell unnecessary products to their clients. Thankfully Bill from Buffalo has a good BS detector. 

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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Insurance 101 with Policygenius

I love people and organizations who take complex financial issues and make them easier for the user.

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Few things are more complex than the insurance industry. And few organizations have managed to make it easy for the user to navigate the insurance landscape.

One such organization is Policygenius, a website that offers users an easy way to compare and buy various products such as life, auto, disability, and homeowners policies.

Today we’re lucky enough to be joined by Jennifer Fitzgerald, the founder and CEO of Policygenius.

For Fitzgerald, the business started with a simple question…”Why is buying insurance such a frustrating experience?”

As consultants to the top insurance companies, Fitzgerald and her partner suspected that this consumer problem was behind a lot of things they observed. It’s why life insurance ownership is at a 50-year low. It’s why health and disability under-insurance is behind most personal bankruptcies and home foreclosures. And it’s why they started Policygenius.

Their mission is simple: “To get people the insurance coverage they need and make them feel good about it.”

That means they thoughtfully built their business for every type of insurance consumer who may come their way:

  • Detail-oriented? They building the best insurance content library out there
  • More of a big picture person? Their Insurance Checkup is the best (and only) big picture tool around
  • Convenience shopper? They’re building a one-stop shop. If you need life insurance and pet insurance, you shouldn’t have to go to a bunch of different sites.
  • Skeptic? They’re an independent site and not affiliated with any insurers. They’ll provide you with choice and the information you need to make the right decision.

It’s a rare treat to be joined by somebody who is truly excited about the insurance industry!

“Better Off” is sponsored by Betterment.

Have a money question? Email us here or call 855-411-JILL.

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Why You Need Life Insurance

At what point should you consider purchasing life insurance? And what kind? Term, whole life, etc? That's what we're discussing today with Gabriel from D.C.

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“Better Off” is sponsored by Betterment.

Have a money question? Email us here or call 855-411-JILL.

We love feedback so please subscribe and leave us a rating or review in Apple Podcasts!

Connect with me at these places for all my content:

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A Vanguard Retirement Plan & Whole Life Insurance

Happy Memorial Day weekend! Please, please take a moment or two sometime this weekend to remember all those who have paid the ultimate sacrifice while serving our country. Without them, none of it is possible. 

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We started the show this week with Dennis from Minnesota who is planning on retiring next year and is in the process of putting the finishing touches on his retirement plan and wanted to run it by us. 

Next up was John from Connecticut who is being pitched a whole life insurance policy by his financial advisor. Is such a policy in the best interest of John? Should he buy it? Or pass? 

Next up, you guessed it, we wrapped up the hour by answering a handful of emails. 

“I’m just bad with money!” I know that many have convinced themselves that they were born with a recessive money management gene, but financial planning can be learned, like anything else. That's the message of This Is the Year I Put My Financial Life in Order. In a book that is part financial memoir and part research-based guide to attaining lifelong security, New York Times reporter John Schwartz bares his financial soul.

Schwartz and his wife, Jeanne, are upper middle class earners, who have been on a financial rollercoaster. Sharing his own alternately harrowing and hilarious stories, from his brush with financial ruin and bankruptcy in his thirties to his short-lived budgeted diet of cafeteria food, John will walk you through his own journey to financial literacy, which he admittedly started a bit late.

He covers everything from investments to retirement and insurance to wills (at fifty-eight, he didn't have one!), medical directives and more. Whether you're a college grad wanting to start out on the right foot or you're approaching retirement age and still wondering what a 401(K) is, this book will help you find your financial way.

So if you are like the countless others who are a bit tentative when it comes to money matters, but are willing to learn before it's too late, this book should help improve your financial literacy.

Have a money question? Email us here or call 855-411-JILL.

Connect with me at these places for all my content:

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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.