Term vs Permanent Life Insurance: What’s the Difference? Financial Advisor Explains

Learn more about how insurance, retirement, tax, and estate planning fit together: https://hubs.li/Q04jf8yx0 In this episode of Blue Chip Chats, Gina DiGirolamo, CFP® sits down with Dan Seder, CFA, CMT, CFP® to discuss a common financial planning questions: how much life insurance do you actually need? They break down the differences between term and permanent life insurance, how coverage needs change throughout life, and why understanding the purpose behind a policy can matter just as much as the policy itself. The conversation also covers some common red flags consumers should watch for, potential conflicts of interest in insurance sales, and why some families may actually be underinsured. Disclaimer: The information provided herein, whether charts, articles, or any other statements regarding market or other financial information, has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. The information contained herein does not constitute individualized tax advice and should not be used by any person to avoid tax penalties that may be imposed under the Internal Revenue Code. Any prospective investor should consult an independent tax advisor about their individual situation and needs. Tax laws can change and it is important to stay informed about potential legislative developments that may impact your tax situation. Every investor’s situation is unique, and you should consider your investment goals, risk tolerance and time horizon before making any investment. Prior to making an investment decision, please consult with your financial advisor about your individual situation. Past performance does not guarantee future results. Dividends are not guaranteed and must be approved by the company’s board of directors. Investing involves risk and you may incur a profit or loss regardless of strategy selected. There is no guarantee that any statements, opinions, or forecasts provided herein will prove to be correct. Disclaimer: This transcript was generated using Adobe Premiere Pro 2025 AI text-to-speak transcription technology and may not constitute a complete or exact word-for-word transcript of the original recording. Please refer to the original podcast audio recording for the complete and most accurate content. Please note that the information contained herein is for informational purposes only and does not constitute investment advice or a recommendation of any kind. Past performance is not indicative of future results. Links:   Gina DiGirolamo: https://www.bluechippartners.com/abou... Dan Seder: https://www.bluechippartners.com/abou... Contact: https://www.bluechippartners.com/cont... Call Us: 248-848-1111   Disclosure Information: https://www.bluechippartners.com/disc... Podcast: https://www.bluechippartners.com/blue... Blog: https://www.bluechippartners.com/blog/   In the News: https://www.bluechippartners.com/in-t... Financial Services:   Investment Management: https://www.bluechippartners.com/fina... Executive Compensation: https://www.bluechippartners.com/fina... Retirement Planning: https://www.bluechippartners.com/fina... Tax Planning: https://www.bluechippartners.com/fina... Estate Planning: https://www.bluechipestateplanning.com   Career Opportunities: https://www.bluechippartners.com/abou... Timestamps: 00:00 – Why life insurance questions may be simpler than you think 01:00 – How to determine how much coverage you need 02:25 – Term insurance vs. permanent insurance explained 04:40 – How much life insurance typically costs 07:32 – When life insurance may no longer be necessary 10:17 – Red flags to watch for when evaluating coverage 11:19 – Potential conflicts of interest in insurance sales 13:03 – Why insurance should be part of a full financial plan