Carmen was newly divorced and wondering what she should do with her current life insurance. Her situation had changed and she want sure if she needed coverage, or how much would make sense to carry. After evaluting the facts that her children were grown, she had no spouse to provide for, and no debt we could confidently say her only need for life insurance would be to provide a legacy for those she loved or for charity. Carmen was able to easily understand her next steps with insurance planning.
Life insurance can be complex, confusing, and frankly a little bit boring. In this episode Mary Sterk simplifies all things life insurance - including what types there are and how much you might need to feel properly covered.