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Feng Shui Your Financial House

Don’t Make These Mistakes When You Buy Life Insurance

It’s protection against calamity, not an investment vehicle

Mariko O. Gordon, CFA

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If you’re in a hurry, the TLDR:

Assess your life insurance needs.

You may not need it at all.

You may have too much or not enough.

Find out.

If you want the color commentary:

You don’t buy life insurance. It’s sold to you. Usually by someone pushy.

Picturing your death is tragic and uncomfortable.

Will anyone come to the funeral? What will be left on your bucket list? Will it be fast or agonizingly slow? Will you have a chance to say goodbye?

You worry that buying insurance will turn you into Grim Reaper bait.

I get it, you want to keep a low profile and not tempt fate. But you’re worried about the wrong thing. Fate is too busy to keep track of insurance sales. It’s the greedy beneficiaries you should be worried about. 🤣

You might not give a shit what happens after you die.

You’ll be gone. “Not my problem,” you bluster. “Let the living cope with the…

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