Practical Protection Podcast – S4 Ep11 – Cost of Insurance
(45 mins CPD)
Hi everyone, for the previous episode I was joined by Matt Ran, where we spoke about alcohol in relation to the protection insurance application journey. We discussed how this can influence the protection insurance terms offered to people and ran through some of the questions that may arise when going through the application process. We hope you found it useful?
This is the final episode of Season 4, (don’t worry Season 5 will be launching in the new year!) and I’m doing a run through of what you can expect to pay for your protection insurance depending on your age.
I go through some pricing examples for life insurance, life and critical illness cover, whole of life and income protection, and it’s clear to see from the numbers that things start to get more expensive once you’re in your 40s.
Each of the quotes I give are guaranteed premiums, so I also talk through the difference between guaranteed and reviewable premiums for long-term protection.
The podcast will be back in January, starting things off with a Mental Health Awareness Week with the Institute of Faculty of Actuaries. This will be a series of podcasts focusing on mental health and how it can have an impact on the different stages of the insurance journey.
If you want to know more about how to arrange protection insurance, take a look at my new Protection Insurance in Practice course here.
Don’t forget to claim your CPD certificate once you have listened to this episode >>
Our certificates are accredited by CPD UK, through our sponsor Octo Members.
Please don’t worry if your work systems are not keen on the CPD form (it’s a google form). Contact me on social media or through the website and I will be able to issue the certificate directly to you.
Kathryn Knowles, Managing Director, Cura Financial Services Ltd
