You’re working hard to build wealth, but what happens if you can’t earn an income tomorrow? In this episode, we go deep on life insurance, income protection, and everything in between with insurance specialist Phil Thompson (Skye Wealth). From real-life claims to common mistakes (including relying on super), this is a practical guide to protecting your biggest asset: your ability to earn.
If you'd like to speak to Phil or anyone on our advice network head to https://equitymates.com/advice/
In this episode:
00:00 – Why protecting wealth matters
00:40 – Meet insurance specialist Phil Thompson
02:37 – Real-life claim: tragedy, and why insurance matters
06:50 – The biggest mistake: relying on super
10:07 – DIY vs advisor: what you’re missing
13:14 – Mistakes advisors make (yes, really)
16:44 – Case study: 36-year-old with kids and a mortgage
27:12 – Super vs outside super: how to pay smarter
———
Want to get involved in the podcast? Record a voice note or send us a message
And come and join the conversation in the Equity Mates Facebook Discussion Group.
———
Want more Equity Mates? Across books, podcasts, video and email, however you want to learn about investing – we’ve got you covered.
Keep up with the news moving markets with our daily newsletter and podcast (Apple | Spotify)
We’re particularly excited to share our latest show: Basis Points
———
Looking for some of our favourite research tools?
———
In the spirit of reconciliation, Equity Mates Media and the hosts of Equity Mates Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.
———
Equity Mates Investing is a product of Equity Mates Media.
","author_name":"Equity Mates Media"}