Navigating Insurance Policies
Aug 23, 2019•32 min•Ep. 39
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Episode description
In this episode, Jim Oliver and Nick Kosko discuss:
- Economic Value Added, adding value to capital
- Insurance companies and the science and logistics behind creating policies
- Insurance companies and calculating people's risk factors
- Banking function and how the relationship plays out
Key Takeaways:
- Finance everything that you buy, either pay interest to someone else or lose interest that you could've earned otherwise
- Insurance companies have more money on hand
- As we age, we become less efficient with our money. When we are younger, we are able to be more aggressive
- Insurance companies navigate what route they should take according to the calculated risk factors for each person
"Hope is not a strategy" — Jim Oliver
Connect with Jim Oliver:
Facebook: CreateTailwind & Jim Oliver
Website: CreateTailwind.com
YouTube: createtailwind.com
LinkedIn: Jim Oliver
Show notes by Podcastologist: Chelsea Taylor-Sturkie
Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.
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