Why Our Family Got Umbrella Insurance and How Much It Costs

Katherine from Buffalo, NY reached out regarding Umbrella Insurance …

Hi Andy:

I am a new listener and I love your podcast. The way you breakdown topics and explain them very easy to understand and makes me feel like I can achieve my financial goals with the correct planning and mindset.

I realize that this isn’t a finance question, however, it is a family-safety/ planning question. Can you briefly explain the importance of an umbrella policy? I know it is important to protect your assets but I am confused when the right time to have one is. My husband and I are just buying our first house and are unsure if we need one yet. Any information or advice would be appreciated!

Best,

Katherine

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Why You Need Life Insurance Today – with Jen Fowler

Life is precious. One day, we’re spending quality time with our family and making beautiful memories together. And the next day, we’re diagnosed with inoperable stage 4 brain cancer. I don’t say this to be flippant. I say this because we truly don’t know what tomorrow will bring. That is why we need to protect our family’s financial future with life insurance.

I’ve spent some time on Reddit lately reading stories of families who have recently lost a loved one and how life insurance (or the lack of it) has affected their lives. Not only does death take an immense emotional toll on the family, it can take a huge financial toll as well.

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