Today on the podcast we're back for part two of our insurance series. If you haven't listened to part one, stop right now and go back to our previous episode. It's one not to miss. This podcast will also make a lot more sense after listening to the first one too! 

Insurance is one of those things that deep down, you know it's important to have but perhaps don't realise the value of it until it's too late. These days, it feels like there is an insurance policy for everything - income protection, life, health, contents, car, house, travel...the list goes on.

So how do we decide which ones are most important to pay for? Should we have them all? Which ones do we actually need? Is it a waste of time and money? Let's dig in. 

In this episode we chat about: 

• Where to start with insurance, and how to figure out which insurances you need
• Why trauma cover is the most expensive type of insurance 
• The 101 of trauma cover, income protection and health insurance 
• Questions to ask yourself to figure out whether you need life insurance
• Who life insurance is for, and why you would take a policy out
• Figuring out the sum to insure for with life insurance 
• Total impermanent disability (TPD) and how this works with income protection insurance
• How to calculate how much of a lump sum to insure for with TPD insurance
• How income protection works when mental illness comes in
• The benefits of insurance advisers, and how fees come into play
• Whether it's necessary to get a will pre-marriage

Join the conversation @itsnosecretnz
Check out our website and show notes at www.itsnosecret.co.nz/31

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