Take Charge of Your Money

Everything you need to know about Life Insurance, with Gavin Lewin

April 11, 2022 Brendan Dale Season 2 Episode 5
Take Charge of Your Money
Everything you need to know about Life Insurance, with Gavin Lewin
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Take Charge Of Your Money podcast with Brendan Dale
Season 2, Episode 5 - 11 April 2022


Sponsored by Naked - The new way to insure your stuff

My guest in this episode is Gavin Lewin, Financial Planner CFP, Business Coach, and mentor. A very knowledgeable guy with a passion to simplify and explain some of the more complex terms and concepts in the financial space.

He is known on Twitter as "Uncle G" and you can follow him here @GavinLewin

Book a free introductory chat with Gavin to see how he can help you.

Gavin takes us through how Life Assurance works, who needs, what it means to cede your policy, and some other interesting details.

Main topics discussed:
0:00 Podcast into and thanks to my sponsor
1:18 Introducing Gavin Lewin
3:21 What is Life Insurance? 
5:38 Who needs Life Cover?
8:54 What does it mean to cede a policy?
13:20 Auto increasing cover (and premiums)
19:47 Can I, or should I, have multiple policies?
23:12 Can I start a policy for someone else?
26:13 Can I get cash out if I cancel the policy?
27:42 What happens if I miss payments?
29:21 Top tips

Top tips from Gavin Lewin

  • Speak to a profession about what you need. You don't have to buy anything from them, they don't need to become your full-time financial advisor. You can find independent financial planners (such as Gavin) who can just advise you what you need. (Chat to Gavin)
  • Ask lots and lots of questions! Don't simply sign the dotted line.

Articles on Life Cover
Putting a value on YOU
Who needs Life Insurance?

Learn about personal finance
Over 20 curated articles to read in sequence to help you start your personal finance journey

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PS - this episode was recorder using
Riverside - check it out

Introducing Gavin Lewin
What is Life Insurance?
Who needs Life Cover?
What does it mean to cede a policy?
Auto increasing cover (and premiums)
Can I, or should I, have multiple policies?
Can I start a policy for someone else?
Can I get cash out if I cancel the policy?
What happens if I miss payments?
Top tips