74. The Power of Term Life Insurance: Why It Beats Whole, SBP, and VGLI for Veterans

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In this episode, I discuss the basic principles of term insruance and why for most families it is the preferred method of life insurance over permenant insurance, SBP, and VGLI.

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Key Timestamps:

00:00 Introduction & why term life insurance

01:10 Principles of Term Insurance

03:35 How much term insurance do you need?

05:35 Calculating your coverage

07:10 Comparing Term vs. Permenant, VGLI, and SBP

12:09 Final thoughts & summary

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Resources Mentioned:

• Episode 22: Whole vs. Term Life Insurance
• VGLI Costs

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More of Baskin Financial Planning:

⁠⁠Download the Ultimate Military Finance Checklist⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.

Think you might need some financial help? ⁠⁠⁠⁠⁠⁠⁠Book an intro call⁠⁠ with me to see if we would be a mutual fit.

Questions or comments, drop me a note at: ⁠⁠erik@baskinfp.com⁠⁠

⁠⁠www.baskinfp.com/post/74

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