This part 2 of our insurance episode. Enjoy!

Nakiea and Keysha continue their discussion on insurance. Today they focus on two types of insurance — life insurance and business insurance. The two share their personal experiences with choosing a life insurance policy and explain the different types of policies available. They also touch on the types of business insurance policies available and the role of insurance in protecting individuals and businesses from unforeseen events.

Conversation Highlights:

[00:00] - Intro 

[00:32] - What is Life insurance, and why is it important

[02:45] - Benefits of getting a life insurance

[04:52] - Being able to use your life insurance while you are living

[05:35] - Whole life insurance vs term life insurance: which one to choose

[08:00] - Keysha’s experience with choosing a life insurance policy

[11:35] - You cannot lie to an insurance company

[13:58] - Be aware of fake life insurance companies

[15:00] - Overview of business insurance.

[17:41] - High-risk businesses

[18:03] - 10 reasons to have a business insurance

NOTABLE QUOTES:

[00:46] - “Life insurance is actually a good wealth builder, especially generational wealth builder.”

[15:58] -  “A business policy is really important for releasing the liability from you and putting it on to the insurance company.”

[18:37] - “Business insurance protects your employees as well, not just you.”

RESOURCES:

Podcast Instagram: @21minutesorless 

Nakiea’s Instagram: @missbutterfly21 

Keysha's Instagram: @keyshamilana 

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