37 min
30. Part 1: Is Insurance a Waste of Time and Money? It's No Secret
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- Investing
Insurance is one of those things that deep down, you know it's important to have but perhaps don't realise the value of it until it's too late. These days, it feels like there is an insurance policy for everything - income protection, life, health, contents, car, house, travel...the list goes on.
So how do we decide which ones are most important to pay for? Should we have them all? Which ones do we actually need? Is it a waste of time and money? Let's dig in.
In this episode, we chat about:
What is income protection insurance and why do we need it? The data that suggests Kiwis cover their car, content and house above and beyond life insuranceWhy relying on ACC has made us (Kiwis) complacent when it comes to taking out income protection or health insurance Why your life stage dictates which insurance(s) you’ll need Why Cat is so passionate about income protection and trauma insuranceAnd similarly, why Christine is so passionate about health insuranceHow income protection works when mental illness comes inWhy loyalty tax doesn’t apply to swapping insurance companiesWhich insurances both Cat and Christine have and why This is just part one of a two-part series (who knew we loved insurance so much!), so be sure to listen to the second episode to round out our insurance chat.
Check out our website and show notes at www.itsnosecret.co.nz/30
If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend.
SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify
Follow us for fun chat & financial tidbits on IG: @itsnosecretnz
Got questions? Get in touch: www.itsnosecret.co.nz
Insurance is one of those things that deep down, you know it's important to have but perhaps don't realise the value of it until it's too late. These days, it feels like there is an insurance policy for everything - income protection, life, health, contents, car, house, travel...the list goes on.
So how do we decide which ones are most important to pay for? Should we have them all? Which ones do we actually need? Is it a waste of time and money? Let's dig in.
In this episode, we chat about:
What is income protection insurance and why do we need it? The data that suggests Kiwis cover their car, content and house above and beyond life insuranceWhy relying on ACC has made us (Kiwis) complacent when it comes to taking out income protection or health insurance Why your life stage dictates which insurance(s) you’ll need Why Cat is so passionate about income protection and trauma insuranceAnd similarly, why Christine is so passionate about health insuranceHow income protection works when mental illness comes inWhy loyalty tax doesn’t apply to swapping insurance companiesWhich insurances both Cat and Christine have and why This is just part one of a two-part series (who knew we loved insurance so much!), so be sure to listen to the second episode to round out our insurance chat.
Check out our website and show notes at www.itsnosecret.co.nz/30
If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend.
SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify
Follow us for fun chat & financial tidbits on IG: @itsnosecretnz
Got questions? Get in touch: www.itsnosecret.co.nz
37 min