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
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
