Season 2 · Episode 15
Term Insurance: Why and when do you need it?
Capitalmind with Deepak & Shray · Capitalmind
September 18, 202155m 35s
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Show Notes
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
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