In this episode of the Australian Finance Podcast, you’ll learn how and why insurance works. Life insurance, income protection, TPD & more. Owen Rask is joined by Phil Thompson, founder of Skye Wealth, to unpack what really happens when you make an insurance claim.
They go behind the scenes on:
- How insurance claims actually work
- What mistakes people make when trying to claim
- The vital difference between “own” vs “any” occupation cover
- Why you should never go straight to a lawyer when claiming
- The most common issues that stop people getting paid
- Real client case studies and what went right (or wrong!)
If you’re curious about income protection, trauma cover, life insurance, or TPD claims, this episode shows how good insurance advice can make a huge difference.
Enjoying the show? Subscribe for weekly episodes on Apple, Spotify, YouTube or your favourite app.
Topics Covered
- What really happens when you make an insurance claim
- Why people often don’t realise they’re eligible for a claim
- The difference between retail vs group/super insurance
- Why having an adviser at claim time can save you money
- The role of the waiting period and how it affects payment
- Real claim case study: Chloe’s chronic fatigue income protection win
- Real claim case study: Chandler’s RSI and $1.3 million TPD cover
- Real claim case study: Rebecca’s mental health claim from a workplace accident
- The danger of going straight to lawyers before talking to your adviser
- Own occupation vs any occupation: what’s the difference?
- Why good documentation and honesty make a successful claim
- What to do if you’ve had time off work or a medical condition
- The risk of underinsurance and how to get help
