Should I get life insurance through my employer or buy my own?
In this episode, Luis talks about the most common types of life insurance and discusses the pros and cons of getting life insurance through your employer vs. buying your own.
Luis came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City, he noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education. He founded Build a Better Financial Future LLC and is the host of the On My Way to Wealth podcast. Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch. From participating as an FPA NexGen Ambassador, to speaking at the CFP Board’s Diversity Summit, Luis uses his platform to help spread financial literacy as well as encourage younger and diverse planners to join and thrive in the industry.
In this episode, you’ll learn about the following:
- The basic types of life insurance
- Permanent vs. term life insurance
- The pros and cons of purchasing group insurance through your employer
- Why you should consider having your own policy in addition to your employer’s policy