Money Made Simple

MMS #41 | Insurance 101: How to master the basics & secure your future (part one)

Season 2 Episode 41

*Disclaimer: This podcast material is for information purposes only. Simplicity does not provide financial advice or offer insurance products. Simplicity is not affiliated with Partners Life or any other insurer, and we do not provide recommendations or referrals.*

In this episode of Money Made Simple, Liv is joined by Mark Banicevich, an insurance expert from Partners Life, who helps her break down the often-confusing world of insurance. Together, they explore why insurance matters, how it works, and the key terms you need to know - without too much jargon overload!

This episode covers:

  • What insurance actually is and why it’s essential for protecting yourself financially
  • The two main types of insurance – general insurance (covering your stuff like cars and houses) and personal insurance (covering your income, health, and life)
  • How insurance works in terms of pooling money for those who need it
  • Key terms explained – from premiums and underwriting to exclusions, loadings, and excess fees
  • The importance of seeking financial advice from someone who fits your needs 

Resources mentioned in this episode:

- Seeking financial advice? Look for a qualified financial advisor to guide you through your options - Sorted have a great guide for what good advice looks like.

We hope that this episode helps demystify the complexities of insurance and provides you with a little more confidence to make informed decisions about your own coverage %)

---
Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!

Find us:
Instagram
Facebook
LinkedIn

Disclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.