The Meaningful Money Personal Finance Podcast Finance OS: The Foundation of Insurance
5 snips
Jun 21, 2023 AI Snips
Chapters
Transcript
Episode notes
Loss of Income: The Core Risk
- All three risks (death, illness, inability to work) lead to income loss.
- Income is your biggest asset; losing it impacts bills, fun, and future building.
Life Insurance Options
- Consider term life insurance for a fixed period or whole-of-life coverage.
- Explore family income benefit, which pays a monthly amount after death, for easier family management.
Critical Illness Definitions
- Understand critical illness insurance definitions; they vary in coverage.
- Check the Association of British Insurers (ABI) list for basic and extended illness definitions.