#finance #financialfreedom #financialeducation
In this episode, Philip answers the question, “What Is Life Insurance?” and gets you to start thinking about it as an important piece of your wealth plan.
Philip is a graduate of Texas Southern University who is a loving husband, brother, uncle and Deacon in his home church. Philip and his wife have their own financial coaching business where they educate families on how to make and save extra money and build generational wealth from scratch.
Some key takeaways of this episode are:
Life insurance is a contract between the insured and an insurance company. The aim is to deliver a certain sum of money (capital) in the future when the insured dies in exchange for a payment (premium).
Life insurance is a way to ensure your most important asset―yourself. It ensures specifically, your income-generating potential.
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Instagram: https://www.instagram.com/the.wealth.advocates/
Facebook: https://www.facebook.com/TheWealthAdvocates
Website: https://www.primerica.com/pturner
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