Hello, med students. My name is Zach Olson and thank you for downloading this month's deep dive.

This episode is sponsored by Pearson Rabbit's Insurance. Pearson Rabbit's is my personal disability

and life insurance agent. How do you know if you need life insurance? We talk about disability

insurance a lot, but life insurance is for people with families

or loved ones that financially depend on them. It's insurance you buy on yourself to support those

around you if something happens to you as the primary breadwinner. For example, I'm married, I have

kids. If I died, my wife would need to pick up hours at work

to be able to support the family. That means she would have to start paying for child care,

which is expensive. She'd also have to pay off mortgage payments on the doctor house as a single

mom. You know, previously we were more of a dual income. She would need to pay for the funeral,

keep saving for retirement, all that kind of stuff. Life insurance is to help your family.

Not that you need to buy so much that they are set for life when you're dead. Something I've

learned from Dateline, always be worth more alive to your spouse, right? But all joking aside,

you want to make sure your kids will be able to afford college,

that your family won't have to just instantly turn around and sell the house

and that they're going to have some financial buffer to get things figured out in the first

couple years after you die.

Life insurance isn't for everybody, but it is an important part of personal finance

to keep in mind, depending on your situation.

Go to www.personravitz.com, fill out a contact form

and get this stuff purchased if you think it's something you're going to need.

Now on to our show.

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