Financial Futures: A Measured Wealth Podcast
Oct 1, 2026 · 17 min · 8 segments
How much life insurance is actually enough to protect the people who matter most? Victoria Gibbs, CFP®, and Chartered Life Underwriter® joins the show to break down the factors that go into finding…
What other types of financial obligations are included in that calculation? We talked about college education.
And now if you have a single widow instead of a married couple, that might prompt them to move into, say, an assisted living or an independent living, changing how they thought their later years were going to be.
You thought you were going to stay at home with your spouse and you were both going to age gracefully in this home.
Your income is completely different your tax bracket is different you don't have that help on the day-to-day that you used to have so having that life insurance can really help to uh to fund what you thought you were ready for but maybe now you're not because you've lost your partner sooner than expected well sooner than expected no one ever expects this but you have to plan
for it So you've calculated the amount of life insurance that's needed, okay, the amount of capital that's needed for your family to continue with the same level of—
What gets subtracted from that need, that life insurance need? You know, looking at the balance sheet, can we take any assets into consideration or
So as part of the financial plan, you would look at what assets they do have, how much do they have of their own resources that they can use to fund their lifestyle in future years.
And then again, where is that shortfall? The shortfall is really what we're trying to find.
So you already have exhibit A, exhibit B, these are all things that you're planning on using.
If we take out that one chunk of income, where are we Where are we now missing funds that we need to keep that retirement going?
What other types of financial obligations are included in that calculation? We talked about college education.
And now if you have a single widow instead of a married couple, that might prompt them to move into, say, an assisted living or an independent living, changing how they thought their later years were going to be.
You thought you were going to stay at home with your spouse and you were both going to age gracefully in this home.
Your income is completely different your tax bracket is different you don't have that help on the day-to-day that you used to have so having that life insurance can really help to uh to fund what you thought you were ready for but maybe now you're not because you've lost your partner sooner than expected well sooner than expected no one ever expects this but you have to plan
for it So you've calculated the amount of life insurance that's needed, okay, the amount of capital that's needed for your family to continue with the same level of—
What gets subtracted from that need, that life insurance need? You know, looking at the balance sheet, can we take any assets into consideration or
So as part of the financial plan, you would look at what assets they do have, how much do they have of their own resources that they can use to fund their lifestyle in future years.
And then again, where is that shortfall? The shortfall is really what we're trying to find.
So you already have exhibit A, exhibit B, these are all things that you're planning on using.
If we take out that one chunk of income, where are we Where are we now missing funds that we need to keep that retirement going?
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