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30-Year Insurance Veteran Reveals Why You DON'T Need Life Insurance ft. Dr Jeffrey Scott | The Wealth Guide Podcast Ep. 02
In this episode of The Wealth Guide Podcast, we have Dr Jeffrey Scott, Head of Advice Strategy at MetLife Australia, a leading life insurance provider, partnering with employers, super funds, and financial advisers to help Australians protect their lifestyle and provide help when they need it most.
We talk about the circumstances under which life insurance may be unnecessary, the psychological reasons why most people hesitate to buy life insurance, and the unexpected pitfalls of cancelling your insurance too soon.
We also discuss the "Big Four" medical conditions, making up to 90% of life insurance claims, firsthand accounts of how life insurance became a financial lifeboat in tragic situations and share one of our clients, Sonia's gripping story about nearly cancelling her insurance policy before a major life illness.
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SHOW NOTES LINKS
Watch Sonia's story here: https://www.youtube.com/watch?v=w7yCoHekY5Y
https://au.linkedin.com/in/dr-jeffrey-scott-165762
https://www.metlife.com.au/
https://www.facebook.com/metlifeaustralia/
https://www.linkedin.com/company/metlife-au/
https://twitter.com/MetLifeAU
https://rykercapital.com.au/
https://www.linkedin.com/in/ray-regmi-3a267539/
https://www.linkedin.com/in/jasmin-loke-2236289a/
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LISTEN TO THE PODCAST
Spotify: https://spoti.fi/3qJL8w4
Apple Podcast: https://apple.co/3QPF3ch
Amazon Music: https://amzn.to/3YMZjgD
Google Podcast: https://bit.ly/3swIVEF
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FIND US HERE
Facebook: https://bit.ly/3RsO5Mr
LinkedIn: https://bit.ly/3Rs0Qah
Instagram: https://bit.ly/46kZvGp|
TikTok: https://bit.ly/3PSbK7U
YouTube: https://bit.ly/3rsKxPG
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CONTACT US
Client Enquiries: 1300 179 537
Careers & Press: 1300 179 537
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TIME STAMPS:
00:00 - Intro
02:21 - Why Ray Started the Ryker Capital
03:07 - Why SOME Clients Don't Need Life Insurance + Aspects to Take Into Consideration
08:06 - Client Life Insurance Stories + The Reality of Not Having Life Insurance
12:57 - The Proactive Steps to Take To Ensure Life Stability
18:58 - Ray's Case Study #1: The Ongoing Cost of Living
24:34 - The Role That Insurance Companies Play In a Financial Planning Strategy
26:32 - The Psychology Behind Why It's Difficult to Invest in Life Insurance
33:56 - Sonia's Story
37:51 - Conclusion
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DISCLAIMER
The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.
View all episodes
By Ray RegmiIn this episode of The Wealth Guide Podcast, we have Dr Jeffrey Scott, Head of Advice Strategy at MetLife Australia, a leading life insurance provider, partnering with employers, super funds, and financial advisers to help Australians protect their lifestyle and provide help when they need it most.
We talk about the circumstances under which life insurance may be unnecessary, the psychological reasons why most people hesitate to buy life insurance, and the unexpected pitfalls of cancelling your insurance too soon.
We also discuss the "Big Four" medical conditions, making up to 90% of life insurance claims, firsthand accounts of how life insurance became a financial lifeboat in tragic situations and share one of our clients, Sonia's gripping story about nearly cancelling her insurance policy before a major life illness.
-----
SHOW NOTES LINKS
Watch Sonia's story here: https://www.youtube.com/watch?v=w7yCoHekY5Y
https://au.linkedin.com/in/dr-jeffrey-scott-165762
https://www.metlife.com.au/
https://www.facebook.com/metlifeaustralia/
https://www.linkedin.com/company/metlife-au/
https://twitter.com/MetLifeAU
https://rykercapital.com.au/
https://www.linkedin.com/in/ray-regmi-3a267539/
https://www.linkedin.com/in/jasmin-loke-2236289a/
-----
LISTEN TO THE PODCAST
Spotify: https://spoti.fi/3qJL8w4
Apple Podcast: https://apple.co/3QPF3ch
Amazon Music: https://amzn.to/3YMZjgD
Google Podcast: https://bit.ly/3swIVEF
-----
FIND US HERE
Facebook: https://bit.ly/3RsO5Mr
LinkedIn: https://bit.ly/3Rs0Qah
Instagram: https://bit.ly/46kZvGp|
TikTok: https://bit.ly/3PSbK7U
YouTube: https://bit.ly/3rsKxPG
-----
CONTACT US
Client Enquiries: 1300 179 537
Careers & Press: 1300 179 537
-----
TIME STAMPS:
00:00 - Intro
02:21 - Why Ray Started the Ryker Capital
03:07 - Why SOME Clients Don't Need Life Insurance + Aspects to Take Into Consideration
08:06 - Client Life Insurance Stories + The Reality of Not Having Life Insurance
12:57 - The Proactive Steps to Take To Ensure Life Stability
18:58 - Ray's Case Study #1: The Ongoing Cost of Living
24:34 - The Role That Insurance Companies Play In a Financial Planning Strategy
26:32 - The Psychology Behind Why It's Difficult to Invest in Life Insurance
33:56 - Sonia's Story
37:51 - Conclusion
-----
DISCLAIMER
The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.