In this first ever podcast interview, my guest, TheRiskAdvisor, will be talking about what insurance is and how they work. He is a Certified Public Accountant (CPA) and has worked as a risk advisor in one of the big 4 accounting firms in the Philippines before transitioning to another job in a global pharma company and becoming a financial advisor for AXA. We only not talked about insurance but also on how to integrate insurance into your financial planning, the importance of emergency fund first, BTID strategy (Buy term insurance and invest the difference), VUL's bad reputation and so much more. So join in and listen to the interview as I believe it will provide a lot of value as it did for me.Timestamps from this episode:What lead Aljes Reyes to become a financial advisor as well and why it is an independent choice [03:25]What is an insurance really? [06:00]Why is insurance penetration is low among Filipinos? [08:12]Overview on the different insurance products available [10:15]Why are insurance policies in the Philippines expensive compared to other countries? [12:29]What is the best insurance for Millennial Seafarers? and for everyone in general? [13:40]Occupational risks of seafarers and insurance. [19:22]Why is VUL frowned upon financial circles? And where did the bad impression come from? [20:12]VUL being an automated investment tool, its high fees and underperformance. [22:29]Don't sell your VUL in year 1 if you have one. [24:51]Are the management fees of VUL's reasonable? [25:55]Introduction to Buy Term insurance and Invest the Difference (BTID) strategy. [27:49]Why BTID is the best option for most people out there. [29:56]Emergency fund or Insurance? Which comes first? [31:17]Where can people reach out to TheRiskAdvisor-Aljes Reyes? [33:21]Aljes defines what is a life filled with happiness for him and shares tips on doing so and about approaching insurance. [34:14]Link to The Risk Advisor's Facebook page- https://www.facebook.com/TheRiskAdvLink to his sample quotes in google drive- https://drive.google.com/drive/folders/1-3f-37-rOo0UJguiM4uXiXdDOyKYOryyReach out to me in my email - [email protected]

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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