Don't Let Your Life Insurance Policy Die with Tony Steuer| Ep 42 cover art

Don't Let Your Life Insurance Policy Die with Tony Steuer| Ep 42

Don't Let Your Life Insurance Policy Die with Tony Steuer| Ep 42

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How to review a life insurance policy before it quietly fails. On the Real Money, Real Life™ podcast, Linda Grizely sits down with Tony Steuer to break down what most people never realize about permanent life insurance policies, cash value policies, in-force illustrations, and policy lapses. If you've ever wondered whether you still need life insurance, whether your policy is performing the way you were promised, or what happens if a policy runs out of money, this conversation will help you understand what to look for before it becomes a costly surprise. Many people buy life insurance and never review it again. But life changes. Interest rates change. Insurance costs change. And some policies slowly deteriorate in the background without people realizing it until it's too late. Linda Grizely and Tony Steuer walk through how to review a life insurance policy, how to recognize warning signs inside cash value policies, and why an in-force illustration matters more than most people realize. You'll hear how policy loans can create hidden problems, why some permanent life insurance policies lapse unexpectedly, when a 1035 exchange may make sense, and how to evaluate whether keeping coverage still fits your financial life today. This Real Money, Real Life™ conversation focuses on financial clarity, not fear, and helps people better understand the human side of financial decisions and insurance planning. 💡 We talk about: • How to review a life insurance policy • Why permanent life insurance policies lapse • What an in-force illustration shows • When a 1035 exchange might make sense ⏱ Timestamps (00:00) Why people stop reviewing life insurance policies (02:00) How Tony Steuer became a life insurance analyst (04:30) How to evaluate whether you still need life insurance (06:00) What an in-force illustration is (08:00) Warning signs a life insurance policy may lapse (12:00) Understanding cash value and rising insurance costs (16:00) The risks of policy loans and "be your own banker" concepts (21:00) How surrender charges work (23:00) What a 1035 exchange is (25:00) Risks and pitfalls of replacing life insurance policies (27:00) Why people avoid reviewing their policies (30:00) The most important steps to review life insurance coverage (35:00) Final thoughts on protecting your policy 👤 About Tony Steuer Tony Steuer, CLU, LA, CPFFE, is an internationally recognized financial fluency advocate, award-winning author, podcast host, and fintech advisor whose mission is to change the way we think about money by addressing life's "what ifs" with integrity and focusing on the human side of financial decisions. 🔗 Connect with Tony Website: http://www.tonysteuer.com LinkedIn: http://www.linkedin.com/in/tonysteuer 👤 About Linda Linda Grizely, CFP®, is a financial wellness speaker and personal finance expert and educator. She is the creator of the MeMoney® Method, and host of the Real Money, Real Life™ podcast. Bridging financial strategy with behavioral insight, she helps people build confidence and clarity with their money and teaches individuals and organizations how to replace financial overwhelm with empowerment and real-world results. 🔗 Connect with Linda Website: https://www.LindaGriz.com Instagram: https://www.instagram.com/lindagrizely Facebook: https://www.facebook.com/thelindagrizely LinkedIn: https://www.linkedin.com/in/linda-grizely YouTube: https://www.youtube.com/@LindaGrizely TikTok: https://www.tiktok.com/@lindagrizely X: https://twitter.com/LindaGrizely 🤝 RESOURCES Useful Personal Finance Quizzes, Checklists, and Flowcharts: http://www.lindagriz.com/resources ℹ️ DISCLOSURES Real Money, Real Life™ is hosted and produced by Linda Grizely Ventures, LLC. Linda Grizely, CFP®, is an Investment Adviser Representative of Nectarine, an SEC-registered investment adviser. Linda Grizely Ventures, LLC is separate from and unaffiliated with Nectarine. The views expressed on this podcast are those of the individuals expressing them and do not necessarily reflect the views of Linda Grizely, Linda Grizely Ventures, LLC, or Nectarine. Guests on the podcast may express opinions or discuss financial strategies that are their own and should not be considered recommendations or personalized financial advice. This podcast is provided for informational, educational, and entertainment purposes only and should not be construed as personalized investment advice or a solicitation to buy or sell any securities or financial products. Listeners should consult their own financial, legal, or tax professionals regarding their specific situation. For additional disclosures, please visit: https://hellonectarine.com https://www.lindagriz.com/disclaimers
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