Today’s guest is Bruce Weinstein, aka “The Plan Man.” We’re talking health insurance, life insurance, and the importance of being financially prepared for unexpected events. Throughout the conversation, Paula and Bruce share stories and insights to emphasize the significance of insurance in people’s lives.
Bruce Weinstein, as a financial advisor with decades of experience, provides valuable information about the different types of insurance, emphasizing that insurance is about assigning risk to someone else to protect against financial vulnerability. He stresses that certain insurance needs, such as auto insurance and homeowner’s insurance, are mandatory, while others like health insurance and life insurance are somewhat discretionary but vital depending on individual circumstances.
They also touch on the affordability of insurance, particularly term life insurance, and how it’s often a cost-effective solution to provide financial security for loved ones. Bruce highlights the importance of budgeting and making informed financial decisions, such as prioritizing insurance over certain discretionary expenses like dining out or leasing expensive cars.
Paula and Bruce discuss the significance of financial literacy and the need for people to understand the mechanics of various insurance options. They stress the importance of seeking help and not attempting to navigate complex insurance decisions alone, as professionals like Bruce can provide valuable guidance.
Towards the end, they mention Bruce’s podcast, “Ask the PlanMan,” which focuses on finance, insurance, and education, with the aim of providing information to help individuals make informed financial decisions.
Overall, the conversation between Paula and Bruce emphasizes the critical role that insurance plays in safeguarding financial stability and highlights the need for individuals to be financially literate and proactive in securing their financial future.
Bruce’s Website and Podcast: https://asktheplanman.com/
Bruce’s email: bruce@asktheplanman.com
Bruce’s Phone Number 844-PLANMAN
Find Paula Christine at paulachristine.com or email her at paula@paulachristine.com.