Is your life insurance policy still meeting your needs?
On this episode of The Lebenthal Report, Michael Hartzman and Dominick Tavella welcome Thomas McKay, CLU®, ChFC®, Director of Advanced Sales at Crump Life Insurance Services, for a discussion about life insurance policy reviews and how coverage needs can evolve over time.
A policy purchased years—or even decades—ago may have originally been designed to provide income protection for a young family. As circumstances change, that same policy may play a different role in retirement planning, long-term care, estate planning or leaving a legacy.
The conversation covers:
✔ When and why to review a life insurance policy
✔ Term, whole life and other permanent insurance options
✔ Cash value and existing policies
✔ Life insurance and long-term care benefits
✔ The importance of updating beneficiaries
✔ Estate and legacy planning strategies
✔ Considerations before replacing an existing policy
Michael and Dominick also break down the latest market environment, including rising Treasury yields, inflation concerns, Federal Reserve policy and why higher interest rates can affect the value of existing bonds.
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Lebenthal Global Advisors, LLC is a registered investment advisor. Lebenthal Financial Services, Inc is a FINRA registered Broker Dealer. The content of this podcast is intended for informational purposes only and is not intended to be investment advice. The views expressed in this podcast are subject to change based on market and other conditions. Information about the qualifications and business practices of Lebenthal Global Advisors, LLC is available on the SEC’s website at www.adviserinfo.sec.gov. Information about the qualifications and business practices of Lebenthal Financial Services, Inc and its representatives can be found on FINRA’s BrokerCheck website, https://brokercheck.finra.org/