Encore: Is Your Life Insurance Still Right for You?
Life changes—and your life insurance coverage may need to change with it.
In this encore episode of The Lebenthal Report, Michael Hartzman and Dominick Tavella revisit their conversation with Thomas McKay, CLU®, ChFC®, Director of Advanced Sales at Crump Life Insurance Services, to explore the importance of reviewing existing life insurance policies 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 financial priorities shift, that same policy may serve a different purpose in retirement planning, long-term care, estate planning or leaving a legacy.
In this encore episode:
✔ When and why to review your life insurance policy
✔ Understanding term, whole life and permanent insurance options
✔ Cash value and existing policy benefits
✔ Life insurance and long-term care considerations
✔ Why beneficiary updates matter
✔ Estate and legacy planning strategies
✔ What to consider before replacing an existing policy
Michael and Dominick also revisit their discussion of the market environment at the time of the original broadcast, including Treasury yields, inflation concerns, Federal Reserve policy and how rising interest rates can affect existing bond values.
Tune in to this encore presentation for insights into how regular policy reviews can help ensure your life insurance coverage continues to align with your evolving financial goals.
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The Lebenthal Report is for informational purposes only and should not be considered investment advice. Views expressed are subject to change based on market conditions.
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/