Episode 41 - Deepak sits down with returning guest Ruchir Kanakia, the founder of the insurance distribution company OneAssure to discuss our favorite insurance product - term insurance.
Summary:
- How term insurance works for you and the company that sells it to you
- Debt or Dependents – the two reasons to buy term insurance
- How Covid and the fact that a handful of reinsurers control everything has made your office insurance a bit less reliable – consider buying a personal one too
- How much coverage is enough and how much the insurance company will give you
- Why you should opt for the in person medical test
- You're tech or finance savvy but consider getting an agent or distributor if your dependents might not be
- Common riders and why you should ignore them
- How the claims process works and benefits of selecting a monthly or yearly premium payment
Click here for the full transcript.
