178: Insurance: What Physicians and Entrepreneurs Need to Know with Larry Keller

Wealthy Mom MD with Bonnie Koo | Insurance: What Physicians and Entrepreneurs Need to Know with Larry KellerI've spoken before about the types of insurance you need to protect your money. This week, I've got my agent for life and disability insurance, Larry Keller, on the show to discuss the nuances of insurance and why you need it right now, especially if you plan on having children.

Even if you’re single, if you intend to have children at some stage in your life, you need life insurance. It’s cheaper now than it ever will be in the future, and if I hadn’t been insured when I was, I’d be paying a whole lot more than I am now. We’re also talking about disability insurance, which is something most people tend to overlook, but it’s definitely worth considering, especially if you’re moving into the world of entrepreneurship.

The last thing you want is for your loved ones to have to pick up the pieces if something unexpected happens. Tune in this week to discover everything you need to know about getting properly covered. We’re discussing why even people who aren’t working need life insurance, and why disability insurance is super important for entrepreneurs.

Learn more about Live Wealthy, an exclusive coaching program designed for successful women who want to be confident.... and be rich. On Sunday, September 17th 2023, I’m holding an open house. So, if you want to get a behind-the-scenes site tour of Live Wealthy, click here!

What You'll Learn from this Episode:

  • Why insurance planning might not be fun, but it is important.
  • Everything you need to know about life insurance.
  • Why we often overlook disability insurance, even though it's super important for entrepreneurs.
  • The big problem with delaying getting life or disability insurance.
  • What to consider if you’re thinking about getting disability coverage or life insurance.
  • Why, even if one person in a family isn’t working or earning, they’re still worth covering with life insurance.
  • What disability insurance looks like for entrepreneurs.

Listen to the Full Episode:

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Disclaimer: The content in this episode is not financial advice and is provided for educational purposes. Please consult with your licensed financial advisor for professional advice. Wealthy Mom MD does not advocate for the purchase or sale of any security or investment.

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