EP332 What Finfluencers Overlook with Co-operators

Young Money with Tracey Bissett

As Financial Literacy Month continues, we're diving into the crucial but often overlooked role of insurance for young Canadians. Today we're joined by Jessica Baker, Executive Vice President of Retail Wealth at Co-operators, a trusted, Canadian-owned company providing insurance and financial services since 1945.

Listen in as Jessica explains how insurance isn't just about protecting possessions—it's about safeguarding your financial future. She busts common myths, like the idea that insurance is too expensive or unnecessary for healthy young people, and offers valuable insight that could change the way you approach your financial security.

“The two main categories of life insurance, term life and permanent life, can help set you up for both savings and paying the expenses of the sudden and unforeseen.” - Jessica Baker

This Week on Young Money:

• Why insurance is essential for financial well-being at every age.
• An overview of the comprehensive services offered by Co-operators.
• The common types of insurance young Canadians should consider.

Key takeaways:

1. Understand the basic principles of insurance and how it operates to protect you.
2. Recognize the importance of insurance as a part of holistic financial planning.
3. Assess your insurance needs based on life changes and financial goals.

Connect with Jessica Baker:

• LinkedIn
• Co-operators Website

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