Mar 27, 2023
THIS EPISODE OF GROWING OLDER LIVING YOUNGER focuses
on why it is important to test and ensure that your life insurance
policy will be there till you die, especially if your plan was to
provide retirement income as well as death benefits for your
beneficiaries.
Today’s Featured Expert is Michael J.
Lockitch, CFA
We discuss the importance of understanding the reliability of your
life insurance policy for providing you the benefits you expect.
This assumes even greater importance with the increase in average
life expectancy, and if you follow your Growing Older Living
Younger roadmap for healthy aging you may live younger longer.
Episode
Timeline
0:11 What is retiring
comfortably?
5:07 Michael’s background in finance and life insurance.
7:58 Understanding the different
types of life insurance policies.
12:02
Misunderstood risks underlying these policies
16:50 Why do most illustrations not
demonstrate the risks
18:50 What is the probability of
success of a policy?
23:46 What happens if the policy
lapses?
28:07 What are the possible
risks that could occur in the future?
Speaker Bio:
Michael has over 25 years in the financial services industry
and is a CFA charter holder since 2005. Over his 12 years on Wall
Street beginning at Salomon Brothers and ending as a senior
vice-president at Credit Suisse First Boston, he advised Fortune
500 clients on mergers & acquisitions, capital raising and
issuance, structured finance, and bankruptcy and restructuring. As
co-founder and lead technical manager for OCE Interactive, Michael
developed an online equity valuation and analytics software
website. Currently, as a fee only financial consultant and
financial technology developer, Michael has a commercially
available on-line toolset for testing life insurance policy
illustrations, called Life Insurance Sustainability Analytics -
LISA.
Learn more about Michael Lockitch and the Life Insurance Sustainability Analytics - LISA at the links below. https://lifeinsuranceanalytics.com
https://www.linkedin.com/in/michaellockitch/
https://www.linkedin.com/in/michaellockitch/
https://www.youtube.com/channel/UCLgWqwWo16v0lbQyp5gzE2w
To discover how to Reset Your
Aging Blueprint or build your wellness, beauty and healthy
aging business, schedule a free
Discovery Call with me.
To get your copy of Growing
Older Living Younger: The Science of Aging Gracefully and The Art
of Retiring Comfortably click here