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Everyday Wealth

Season 2 Episode 28: Insurance policies that you do and don’t need

Everyday Wealth

Jean Chatzky

Investing, Business, Education

2935 Ratings

🗓️ 17 July 2023

⏱️ 41 minutes

🧾️ Download transcript

Summary

This episode of Edelman Financial Engines’ Everyday Wealth™ is, as Jean describes it, “everything you ever needed to know about insurance but didn’t know enough to ask.” Jean is joined by wealth planner Isabel Barrow and insurance expert Rob Bain from Edelman Financial Engines, to break down which policies you should have, like long-term care, life insurance and disability. And which ones you probably don’t need. They also cover lesser-known policies, like umbrella insurance, and bust a few myths along the way.

This show is pre-recorded, and any callers are prescreened.

Ms. Chatzky receives cash compensation for acting as hosts of the Everyday Wealth radio show and podcast and for related activities and therefore has an incentive to endorse Edelman Financial Engines and its planners. That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses. The amount paid each year does not vary, is not based on show content or any results-dependent factors (e.g., popularity of the show).

The information being provided is for informational and educational purposes only and should not be construed as investment advice. You should consult with a financial advisor to help determine the best options for your particular circumstances.

Neither Financial Engines Advisors L.L.C. nor any of its advisors sell insurance products. Edelman Financial Engines affiliates may receive insurance-related compensation for the referral of insurance opportunities to third parties if individuals elect to purchase insurance through those third parties. You are encouraged to review this information with your insurance agent or broker to determine the best options for your particular circumstances.

Neither Edelman Financial Engines nor its affiliates offer tax or legal advice. Although the information has been gathered from sources believed to be reliable, we do not guarantee its accuracy or completeness. Interested parties are strongly encouraged to include your qualified tax and/or legal professionals in these discussions and decisions to help determine the best options for your particular circumstances.

See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

The views expressed on this program are not necessarily the views of this station.

0:03.0

Content is for educational purposes only.

0:05.0

Consult a financial advisor or conduct your own due diligence if investing.

0:08.0

The show is pre-recorded.

0:09.0

Everyday Wealth is produced and created by Edelman Financial Engines and hosted by Jean Chatsky.

0:12.0

Ms Chatsky.

0:12.6

Miss Chatsky is not an employee or client of the firm.

0:14.8

She receives fixed cash compensation as host and for related activities and therefore has an incentive

0:19.2

to endorse Edelman Financial Engines and its planners.

0:21.2

For additional information, please see W. Edelman Financial Engines. its planners. For additional information, please see W.W. Edelman Financial Engines.com

0:24.8

slash everyday wealth.

0:25.7

The 2022 top 100 independent advisory firm ranking issued by Barron's is

0:29.2

qualitative and quantitative, including assets managed by the firm,

0:31.9

technology spending, staff diversity, succession

0:33.8

planning, and other metrics.

0:35.1

Firms elect to participate but do not pay to be included in the ranking.

0:38.0

Compensation is paid for use and distribution of rating.

0:39.8

Award in September 2022 based on data within a 12-month period.

0:42.5

Investor experience and returns are not considered.

0:45.0

At the intersection of life and money,

0:48.0

this is Edelman Financial Engine's everyday wealth,

0:51.0

with personal finance expert Jean Chatsky.

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