Debunking The Top 10 Life Insurance Myths Featuring Luke Rother

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On this episode of The Get Ready Money Podcast, I was joined by Luke Rother, the Managing Partner at Yetworth Collaborative to talk about busting the top 10 life insurance myths and what advisors need to know.

Here are the myths we busted: 

1. Life insurance is only for people who are working/ people who have kids.
2. Life insurance is too expensive.
3. I have health issues, so I can’t get life insurance.
4. Group life insurance takes care of life insurance needs.
5. Always buy term, never buy permanent insurance.
6. Life insurance policies are set it and forget it. You don’t need to review them.
7. Life insurance is an investment (nope, it’s insurance with an investment component)
8. You can be your own banker.
9. Indexed Universal Life policies are a ‘scam’.
10. Fee based products (no-load policies) are always better options than commission based products.

Luke Rother, CLU, CEPA is a life insurance specialist that has a passion for collaborating with trusted advisors to develop and implement risk protection related strategies to enhance the value that advisors bring their clients.  He entered financial services after working in the nonprofit sector following in the footsteps of his father, Randy, who has been a life insurance specialist for over 40 years. After working with a large insurance carrier, and working with his Dad, Luke decided to join the Yetworth team to expand his product expertise and to launch a dream business that caters to fee-only advisors.

Connect with Luke Rother, CLU, CEPA:

LinkedIn (here) 

Yetworth website: (here)

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The Get Ready Money Podcast and its guests do not provide investment advice. All content is for educational purposes. Guest opinions do not necessarily reflect the opinions of The Get Ready Money Podcast and Tony Steuer.