The Cost of Insurance

Hi everyone, this is the last episode of season 4 and of 2021. In this episode it is just me and I am answering a listener's question. Setul Metha contacted me a little while ago and asked if there was a chance that I could show how much age affects insurance premiums. Challenge accepted!Now, I know that listening to me talking about lots of numbers and premium pricing, is maybe not everyone’s cup of tea. I’ve hopefully kept it nice and interesting for you. We will also be putting out a blog with tables that clearly show all the pricing.The key takeaways:The cost of life, critical illness cover and income protection start to jump up once you are in your 40s.An example of clearly explaining the difference between reviewable and guaranteed premiums for long-term protection.The importance of an adviser being very careful over the use of the word ‘guaranteed’.Next year we are back and kicking the year off with a Mental Health Awareness Week with the Institute and Faculty of Actuaries. For this week we are going to be putting out four podcasts about how mental health can be affected at different stages of the insurance journey. We will then also have a live webinar where you can quiz an adviser, actuary and underwriter all about mental health.Remember, if you are listening to this as part of your work, you can claim a CPD certificate on our website, thanks to our sponsors Octo Members.If you want to know more about how to arrange protection insurance, take a look at my Protection Insurance in Practice course here.

Om Podcasten

When you set out to get things like life insurance, critical illness cover or income protection, many people do not think that they are going to hit any snags along the way. But! Insurance is a world of risk and there are times that a persons circumstances will make insurers sit back and have an extra think about offering the insurance. Why?! This podcast is designed to answer that why. Kathryn Knowles is joined by guests to bring a clear and open chat about how insurance works. Kathryn brings her experience as a "quirky" life and the voice of the consumer to the discussion. She does this alongside her work as a specialist adviser, who is known for insuring the uninsurable.