Most People Are Underinsured—Here’s How to Protect Your Wealth | Ep 9

Make It Personal Podcast

In this episode of the podcast, we dive into Principle #4 of the Seven Principles for Your Success: Protect Your Most Important Asset First—You and Your Family. Building on the foundation laid in previous episodes, host Mark Zagurski highlights why personal financial protection is the cornerstone of any effective financial plan.

Listeners will learn the importance of safeguarding their income and family’s future with life insurance, disability income insurance, and long-term care insurance. Mark breaks down common misconceptions, such as the “10-times income rule” for life insurance, and explains why a one-size-fits-all approach to financial advice often falls short.

Discover why your ability to earn an income is your greatest asset and how to protect it in the face of unexpected challenges. Explore real-world examples, such as how long-term care costs can erode savings without proper coverage, and why delaying decisions like purchasing life insurance can leave families vulnerable.

Key takeaways include:

• The critical role of self-completing financial plans.

• How to calculate adequate life and disability insurance coverage.

• The rising cost of long-term care and strategies to protect savings.

• Why personalized advice is essential in building a solid financial foundation.

Don’t navigate the complexities of financial planning alone. Subscribe to the podcast today and explore how proactive protection can empower your financial future. Download our free eBook, which outlines all Seven Principles, and start creating a plan that prioritizes what matters most—your family’s security.

“Think of life insurance as love in action—it’s about ensuring your family’s financial future, even when you’re not there to see it through.” - Mark Zagurski

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Investing involves risk, including loss of principal.

This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services, Inc. does not provide tax or legal advice. Please consult with the appropriate professional regarding your personal situation prior to making any financial decisions. Strategies discussed may not be suitable for everyone. Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Mutual of Omaha Advisors is a division of Mutual of Omaha Insurance Company.