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Million Bazillion

What is insurance?

Million Bazillion

Marketplace

Kids & Family, News

4.63.3K Ratings

🗓️ 14 October 2025

⏱️ 30 minutes

🧾️ Download transcript

Summary

Today, we’re resharing an important episode from our archive! There’s a major storm brewing, and Ryan and Bridget are stuck inside. It’s the perfect opportunity to answer a question they got from Archer in Los Angeles: What is insurance? Archer’s dad is an insurance agent, and Archer wants to know what his dad does all day. Turns out insurance is uh, complicated. From home insurance to health insurance, we’re going to figure out what it is and why people use it. Plus, we have a catchy song to help you remember the difference between some confusing insurance jargon.


If your family is interested in learning even more about today’s question, check out our website. We’ve got conversation starters and a tip sheet!

Transcript

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0:00.0

Hey, Million Bizzillionaires, I hope you've enjoyed this season so far.

0:04.3

We've got more brand new episodes coming your way, including one all about the stock market that's going to hit your podcast feeds next week.

0:12.0

But in the meantime, we thought, wait a second, to really get that one, you've got to understand this other really big idea first, risk.

0:21.6

So today we are bringing you an episode that we released some time ago all about what

0:26.6

people do to protect themselves from risky things with something called insurance.

0:32.4

Plus there's a catchy song you won't want to miss.

0:35.8

Okay, now on to the show.

0:41.2

Canned beans. Check.

0:43.1

Three months supply of toilet paper. Check. Everybody loves Raymond, the complete series on DVD

0:48.0

with a DVD player and backup generator to power the DVD player so we can watch Raymond

0:52.0

in case we lose electricity. Check. You know, Ryan, I think we might be over-planning.

0:58.5

Over-planning, you say?

1:00.0

Tonight's weather forecast is cloudy with a chance of meatballs.

1:04.6

And you think we're over-planning?

1:06.2

I can practically smell the oregano in the air.

1:09.1

I don't think that's the real weather forecast for tonight.

1:11.8

Are you sure you didn't fall asleep listening to like an audiobook or watching a movie and maybe got confused?

1:18.2

All I know is that I heard the phrase cloudy with a chance of meatballs and I'm not taking any chances.

1:24.6

Even if delicious Italian meatballs did fall from the sky, what's the worst that could happen?

1:29.8

I've never been through a meatball storm before, so I'm going to be as prepared as I can before I lose

1:35.4

it all in a marinera flood. So, let's continue. Garlic bread for dipping?

1:40.4

Check.

...

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