Episode 5 – Personal Finance – Insurance Part 1

Today’s guest is an insurance expert Yonas Tekle. Yonas is going to help us understand the different types insurance products, why we need them and how it fits into our financial planning.

A life insurance policy is a contract with an insurance company. In exchange for premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured’s death. Typically, life insurance is chosen based on the needs and goals of the owner.

Term life insurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage.

Disability insurance offers income protection to individuals who become disabled for a long period of time, and as a result can no longer work during that time period.

Financial Services Commission Ontario

To contact Yonas Tekle his email address is:

3 Replies to “Episode 5 – Personal Finance – Insurance Part 1”

  1. Attractive portion of content. I simply stumbled upon your web site and in accession capital to claim that I get actually enjoyed account your blog posts. Any way I will be subscribing on your feeds and even I achievement you access persistently rapidly.

  2. I needed to send you that tiny word to thank you very much as before for your lovely techniques you’ve shown on this page. It has been simply strangely generous with people like you to give extensively what exactly many individuals could possibly have supplied for an ebook to earn some cash for themselves, chiefly considering the fact that you could possibly have tried it if you ever desired. Those strategies likewise served like a fantastic way to fully grasp that other people have the identical desire like my very own to understand significantly more when considering this matter. I’m sure there are some more pleasant opportunities up front for individuals that check out your blog.

Leave a Reply

Your email address will not be published. Required fields are marked *