# Life Insurance in Your 50s: Do You Have the Right Kind?

Page: https://stenobird.com/podcast/phil-s-tax-hacks-1040028/life-insurance-in-your-50s-do-you-have-the-right-kind
Text version: https://stenobird.com/podcast/phil-s-tax-hacks-1040028/life-insurance-in-your-50s-do-you-have-the-right-kind.md
Podcast: [Phil's Tax Hacks](https://stenobird.com/podcast/phil-s-tax-hacks-1040028)
Published: 2026-03-26T09:00:00+00:00
Episode link: https://philstaxhacks.podbean.com/e/life-insurance-in-your-50s-do-you-have-the-right-kind/
Audio file: https://mcdn.podbean.com/mf/web/797d97ycty5n25ua/322_-_PHIL_PUTNEY_-_INSURANCE_-_AUDIOap6hw.mp3
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Duration seconds: 872

## Resource

Want to learn more about financial planning? Please subscribe to our channel and you won't miss a video ➟ https://bit.ly/33RO6mV Book an appointment with Phil to get your customized planning process started ➟ https://www.afswealthmgt.com/schedule-appointment Life insurance isn’t one-size-fits-all- and for many people in their 50s, it raises more questions than answers. In this episode, Phil breaks down the key differences between term, whole, and universal life insurance, and how each fits into a broader retirement plan. More importantly, he explains how to determine if you even need coverage at this stage. Here’s some of what we discuss in this episode: 🛡️ Purpose First: Insurance should solve a specific financial problem ⏳ Term Coverage: Best for temporary, defined needs 💼 Permanent Policies: Offer cash value but come with trade-offs ⚠️ Flexibility Risk: Universal life requires active monitoring 📊 Plan Before Product: Decisions should follow a modeled plan For more, visit us online: http://philstaxhacks.com Watch the video podcast on YouTube: https://bit.ly/3WdDG96 Get your copy of The Tax-Smart Retiree: https://www.thetaxsmartretireebook.com/welcome

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## Transcript

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