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Description:
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In this Australian Finance Podcast episode, your hosts Owen Rask and Phil Thompson from Skye Wealth dive into the world of life insurance in Australia. They cover:
– What personal insurance is and why it matters
– The different types of cover (life, TPD, trauma, income protection, child cover)
– How Aussies typically get insurance & what options are best
– The role of financial advisers & how they help simplify complex insurance decisions
If you liked this Australian Finance Podcast episode on personal insurance, you’ll love our other episodes on protecting your financial future.
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Topics Covered
– What is Personal Insurance?
– Life Insurance: Who needs it?
– Total and Permanent Disability (TPD) Cover
– Trauma Insurance: What is it?
– Income Protection: How it works and who it’s for
– Child Cover: Is it worth considering?
– Getting Insurance via Super vs Adviser vs Direct
– Why many financial advisers outsource insurance
– Why Phil focuses on insurance-only advice
– Understanding waiting periods & claim timeframes
– What happens during a claim and how advisers help
– Tips for reviewing and cancelling insurance safely
– Common mistakes Aussies make with insurance
– The real cost of doing nothing
Resources for this episode
- Skye Wealth
Show partner resources
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