April Mailbag: Life Insurance, Long-Term Care, & Retirement Planning

#027: Still have questions about financial security during these times of financial uncertainty? We’ve got you covered in this special Q&A style episode made possible by the mamas in our Mamas Talk Money Facebook community. Whether you want to learn more about different types of insurance and long-term care or retirement planning strategies, today’s episode will help to clear the confusion surrounding some of the most common questions regarding financial security. (01:22) How life insurance works and what the difference is between whole and term life insurance (06:44) How to prioritize insurance premiums when you might be struggling each month financially (10:46) How does critical illness insurance work? (12:27) Is pet insurance a good idea? If so, what should you keep in mind when shopping for insurance? (15:340 Is a 401K still the best vehicle to save money in? (18:27) How much should you be saving for retirement? Looking for more information, mama? Visit the show notes at https://www.smartmoneymamas.com/27 Free Financial Emergency Preparedness Checklist: https://smartmoneymamas.com/financial-emergency-preparedness-checklist/