It’s not pleasant thinking about dying or getting seriously ill, but what happens if terrible things happen to us? We chat with Naomi Greatorex, the Managing Director of insurance broker Heath Protection. You can book a free consultation with Naomi and her team here: https://heathprotection.co.uk/making-money ✉️ Summary If you want a summary from this episode, subscribe here: https://makingmoney.email/S4E9 🎉Sponsors Vanta - Get secure and compliant with $1k off: https://vanta.com/makingmoney. Manual - Get help with your hair loss with 55% off using the code ‘MM55’: https://makingmoney.email/ukb43j If you purchase a product or service through one of the providers above (including Naomi's firm Heath Protection), we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. Disclaimer: This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Chapters: 00:00-00:25 - Intro 00:25-03:17 - We insure our pets more than ourselves 03:17-05:19 - The probability of serious illness or death 05:19-08:00 - The types of insurance that can protect you if you get ill or can’t work 08:00-12:42 - Will the insurance actually pay out? 12:42-13:23 - How much life insurance is enough? 13:23-18:21 - How much does life, illness, income cover cost? 18:21-21:15 - How likely is it you’ll need to claim? 21:15- 22:16 - Manual ad 22:16-25:01 - What type of cover do you need? 25:01-26:49 - Are you covered through work? 26:49-29:03 Getting protected when self-employed 29:03-31:56 - How do you make sure you get the right kind of cover? 31:55-32:44 - Vanta ad 32:44-36:46 - Pre-existing conditions 36:46-40:27 - How can you get the best deal? 40:27-44:00 - How is the insurance industry regulated? 44:00-46:45 - How can you reduce the cost? 46:45-49:03 - What happens to life insurance if the beneficiary passes away? 49:03-52:59 - Stats on insurance payouts 52:59-53:39 - Watch this episode next!