74. What you need to know about insurance with Kathryn Knowles
It’s not cool and it’s not sexy, but insurance is something we all need to think about.
It is one of the 4 pillars of building financial resilience.
(The other 3 are: spending less than you earn, have a disaster fund, and save for your future).
I’m joined by Kathryn Knowles of Cura Insurance. We chat about what insurance you need and why. And tackling some of the common myths around insurance.
Kathryn walks us through:
👉🏻 Life insurance
👉🏻 Critical Illness
👉🏻 Income protection
Do insurance companies really pay out? Kathryn gives us the low down on the stats and explains what steps we can take to make sure we get the benefits if we have to claim.
📣 Kathryn’s top tip – always ask to see any reports your GP produces for you.
If you have been declined insurance, it may be that your records weren’t correct, or that another company may insure you. That’s why it’s best getting an expert like Kathryn to help if you’ve had any health issues in the past. A knowledgeable adviser can help get you the cover you need at the right price.
🚨 If you’ve had a test for the BRCA gene insurers are not allowed to ask you about it.
Perimenopause Women:
➡️ Life insurance and critical illness cover - they aren’t interested in your HRT, the questions specifically say don’t tell us about your HRT.
➡️ Less likely to seek advice for protection
➡️ May have some health issues though, so worth considering expert advice to help you get the cover you need
Check out Kathryn's podcast (link below) where you'll find an answer to every question you might have about insurance. Really good resources if you have a specific health issue and you are wondering how insurers treat it.
GUEST EXPERT: Kathryn Knowles is a specialist adviser for personal, business and group life insurance, critical illness cover and income protection, within the UK and internationally. Kathryn produces videos and a podcast that are used within the insurance sector, by charities and the general public, as a way to educate about ways to access insurance.
Podcast | Twitter | Instagram | LinkedIn
YOUR HOST
Julie Flynn is an experienced independent financial adviser and financial coach. Justice and equality drive Julie. Which is why she’s spent years studying and researching how stress affects our financial decision making.
Julie is best known for her work with women who have lost their partner and coaching financial services business who want to implement fair and transparent charges.
Ebb & Flow Financial Coaching | Bree Wealth & Tax | Instagram
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