• Cold Calls, Commissions, Death & Disaster: How Do You Buy Life Insurance?

  • May 21 2024
  • Length: 52 mins
  • Podcast

Cold Calls, Commissions, Death & Disaster: How Do You Buy Life Insurance?

  • Summary

  • Buying life insurance is a complicated (and boring) process, but what if we told you it could have consequences that could literally haunt your family at their greatest time of need? Episode 1 of ACKtually Speaking with Maddy takes a long, hard look into life insurance, the way it's been mis-sold and the consequences of not paying attention at the time of buying.


    In this podcast, we speak about:

    00:00 : Introduction

    00:14 : The cold call that started it all

    00:42 : Why these schemes don't make sense

    01:57 : Common misconceptions about life insurance

    02:41 : Investment vs. Insurance: Should you mix them?

    03:42 : How Life Insurance is sold today

    04:17 : What are Pure Protection Plans?

    05:44 : What are Endowment Plans?

    06:08 : Understanding ULIPs

    06:23 : The rationale behind different Life Insurance plans

    07:12 : Are FDs are better than life insurance endowment plans?

    08:57 : Understanding the actual returns on endowment life insurance endowment plans

    10:05 : Cost Comparison: Life Insurance Endowment vs. Term Life Protection Plans

    10:47 : The C Word

    11:53 : Determining Your Life Insurance Goals

    12:21 : Understanding 'Protection' in Life Insurance

    13:41 : Life changes in your 30s: What you need to know

    15:00 : The real purpose of Life Insurance

    15:47 : Reducing liabilities and insurance needs

    16:17 : When is life insurance most crucial?

    17:20 : The worst disaster that can happen

    17:44 : We don't want to talk about bad things

    18:20 : Two types of people

    19:04 : When the family has no idea about your life insurance policy

    19:42 : Having a pragmatic conversation

    20:14 : Cultural differences in the West

    21:04 : Ensuring that your loved ones are taken care of

    21:33 : Why you need a will

    22:00 : The right amount of protection

    25:43 : A framework for calculating your sum assured

    26:20 : Is this an expensive product?

    27:00 : Let me say this again

    27:45 : Another way of calculating sum assured

    28:37 : The good & bad of ULIPs

    29:48 : What are "Fund Management Charges" in insurance?

    30:59 : Maddy's halftime summary

    31:28 : What is the right age to buy life insurance?

    32:15 : How life insurance premiums are calculated

    33:50 : Importance of buying life insurance early

    34:30 : Don't make this mistake when you're buying life insurance

    35:10 : Varun's recommendation on how to approach life insurance

    35:42 : What are the factors that affect my life insurance premium?

    39:11 : Expecting "returns" on term insurance

    41:58 : What you need to know about "Zero Cost" Term Life Plans

    42:48 : Who's to blame?

    43:17 : What you need to know about life insurance claims

    47:04 : How life insurance claims can be disbursed


    We hope you found this podcast useful! Do subscribe for more.

    For more insights on making better insurance decisions, follow ACKO on:

    - Instagram: https://www.instagram.com/ackoindia/?hl=en

    - Twitter: https://x.com/ACKOIndia

    - Linkedin: https://www.linkedin.com/company/acko/

    Show more Show less
activate_Holiday_promo_in_buybox_DT_T2

What listeners say about Cold Calls, Commissions, Death & Disaster: How Do You Buy Life Insurance?

Average customer ratings

Reviews - Please select the tabs below to change the source of reviews.