Teaching How to Protect Families and Build Generational Wealth! Episode #40 w/Lindsay Smith
Episode 40 Lindsay Smith
The world today is rightly obsessed with investments of different kinds – real estate, stocks, and whatnot. But most tend to underestimate the one investment that can give us unbelievable benefits: life insurance.
That is why I have Lindsay Smith on the show today. She is an insurance broker and investor and the author of "Creating Wealth Through Life Insurance", in which she breaks down the lessons from her experience in the insurance sector. Lindsay has worked in the entertainment industry before adventing into insurance full-time. Owing to the limited options in a 9 to 5 job, she decided to drop the idea of pursuing marketing and advertising altogether and decided to pursue finance and insurance. Now, as a self-employed professional + author, she teaches people how to protect their families and build generational wealth. This conversation will open your eyes to the innumerous benefits of using life insurance as a part of your generational wealth building strategy!
Lindsay gets underneath the reason for dearth of information about insurance and why it’s a huge underutilization of the available financial gain strategies. She also breaks the myths surrounding insurance of different kinds, explains insurance plans for the specially abled people, and educates us on the points to know before purchasing an insurance package and how it works from the inside out.
Shoutout to our Sponsor, Morgan and Co.: www.morganandcorealty.com
Success Clues From Today’s Episode
● Have the courage to step out of a profession if you no longer want to pursue it.
● Give back knowledge; do your bit to help others succeed in their lives. Let the chain continue.
About Lindsay!
Lindsay Smith is an Insurance Broker and Investor. She is also the Author of "Creating Wealth Through Life Insurance", in which she talks about the types of Life Insurance policies available that you can use to move a step forward in your journey to financial freedom.
Connect With Lindsay!
Instagram: https://www.instagram.com/lindsaysmiththeagent
Connect with Me!
Instagram: https://www.instagram.com/drkwashington/
Host: Dr. K
Time Stamps
[00:02] Intro
[00:25] Meet Lindsay
[00:58] About Lindsay’s interest and enthusiasm for the insurance sector
[02:59] Does Lindsay’s insurance policies include anything for the specially abled?
[04:29] How the insurance policy for the specially-abled works
[07:01] Lindsay’s initial choice of career – marketing – and how she eventually turned to insurance
[08:46] A different way to do influencer marketing
[11:33] Lessons from Lindsay’s book “Creating Wealth Through Life Insurance”
[13:36] Are we short on information about life insurance?
[18:48] Breaking down the life insurance contract
[20:23] Important points to know about your life insurance policy
[21:40] Scam or not scam in insurance – How do you assess?
[24:15] The lesser known benefits of a life insurance plan
[26:28] The other side of the insurance industry
[29:04] Marketing and selling insurance policies
[30:36] Did Lindsay have to almost restart her business? Her experience building the broker portfolio.
[33:21] The importance of being a good agent and how that makes the planning and execution easy for clients
[38:15] Consistency builds value – even in the case of life insurance policies
[39:55] Dispelling an insurance myth (job insurance)
[44:57] Success clues from today's episode
KW Used: generational wealth, insurance
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