Life Insurance That Works While You’re Living with Richard “Big Daddy” Salgado (Ep. 195)
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Most people think life insurance is only about what happens after they are gone. But what if part of your coverage could support you during a serious health event while you are still living?
In this episode, Larry Heller, CFP®, CDFA®, sits down with Richard “Big Daddy” Salgado to explore how life insurance has evolved beyond the traditional death benefit. Drawing from his experience working with professional athletes, Rich shares how career-ending disability coverage and life insurance with living benefits are designed to protect income, earning potential, and financial stability when the unexpected happens.
Richard discusses:
- The difference between traditional life insurance and policies with living benefits
- How career-ending disability insurance protects future income
- What health events may trigger living benefit payouts
- Why policy reviews are essential as your life and finances change
- Common misconceptions about life insurance and protection planning
- And more!
Connect with Richard “Big Daddy” Salgado:
Connect with Larry Heller:
- (631) 248-3600
- Schedule a 20-Minute Call
- Heller Wealth Management
- LinkedIn: Larry Heller, CFP®, CDFA®, CPA
- YouTube: Retirement Unlocked with Larry Heller, CFP®
About Our Guest: Richard “Big Daddy” Salgado is an insurance professional with more than 25 years of experience specializing in career-ending disability coverage and life insurance with living benefits. He has worked extensively with professional athletes, helping them protect future earnings and financial stability in the event of injury or serious health challenges. Rich focuses on education-first conversations, policy reviews, and ensuring clients understand how protection planning fits into their broader financial picture.