In this episode of The Wealth Guide Podcast, we've got the team from Ryker Capital to answer one of the most asked financial questions: "Is life insurance a SCAM?”

They discuss the hidden truth of insurance premiums, common beliefs about claim denials, stories of people feeling scammed by policies, and how to avoid similar pitfalls.

The team also explores the opportunity costs of not having insurance coverage, why cheaper isn't always better for claims, and debunks myths that may stop you from having the emotional reassurance and comfort you deserve.

If you want to understand the true ins and outs of life insurance and determine its worth for your financial journey, make sure to listen to this episode! 

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SHOW NOTES LINKS

https://rykercapital.com.au/
https://au.linkedin.com/company/ryker-capital
https://www.instagram.com/rykercapital/
https://www.tiktok.com/rykercapital
https://www.facebook.com/profile.php?id=100054854616452   
https://www.linkedin.com/in/ray-regmi-3a267539/
https://www.linkedin.com/in/rajiv-ricky-regmi-cpa-943694213/
https://www.linkedin.com/in/dean-desoukey-a6651093/ 

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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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TIME STAMPS:

00:00 - Intro
02:31 - What is Life Cover, Total Permanent Disability Cover & Trauma/Critical Illness Cover? What Does it Protect You From?
07:08 - What is Income Protection?
09:08 - Insurance Debunked #1: Insurance Companies Don't Care & Don't Pay Out Claims
13:47 - Client Stories: Not Receiving a PayOut from Insurance Companies
17:21 - Introducing Anti Hawking Provisions
19:53 - Insurance Debunked #2: The Client's Pre-Set Notion of Already Being Declined By Insurance Companies
24:37 - Insurance Debunked #3: Insurance Covers Get More EXPENSIVE Overtime & Can Get TRAPPED in Your Super
28:46 - Client Stories: Paying $ into Insurances in Super & The Balance Not Growing
30:33 - Navigating Around the Expenses of Insurance & Super
34:41 - Client Story: Receiving a Payout From Insurance
36:58 - The Different Types Of Covers, How They Protect You & The Application Process
43:41 - The Myths About Insurance & Superannuation
45:45 - Why Do Insurance Companies Increase the P