Adulting 101: Insurance Part 2

In Part 2 of our Bank of Dad insurance series, we cover the main types of insurance young adults in the UK should know about, including life insurance, critical illness cover, and income protection. We help you understand how to spot a genuinely good policy, what to look for in the small print, and why speaking to a broker could make all the difference. Whether you're in your 20s or 30s, this episode gives you the practical knowledge to make smarter insurance decisions.

So, we've talked about why we need it, this time we're talking about the different types of insurance that young people need and what it protects.

In this episode, we talk about:

  • Different types of insurance
  • Do you need life insurance as a young person?
  • The difference between income protection and critical illness cover
  • Do you need private health insurance?
  • How to spot a cheap deal and a good policy
  • What to spot in the small print
  • Comparison websites
  • Common mistakes people make when buying insurance

Links mentioned in the episode:

Critical Illness Cover Definition:

https://www.abi.org.uk/globalassets/files/publications/public/protection/critical-illness-consumer-guide-2022.pdf

Income Protection Insurance Definition:

https://www.abi.org.uk/products-and-issues/choosing-the-right-insurance/income-protection/

Meaningful Money Resources (Scroll down for LifeSearch):

https://meaningfulmoney.tv/resources/

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Interested to work 
with us?

We’re always open to conversations with brands and organisations who want to help young people feel more confident with money.

Drop us a line at hello@bankofdad.show and tell us what you have in mind.