Ask an Adviser: Why earlier is better for life insurance with Phil Thompson

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 Listen to the podcast (Apple | Spotify) Watch on YouTube Read the monthly email ——— Looking for some of our favourite research tools? Download our free Basics of ETF handbook Or our free 4-step stock checklist Find company information on TIKR Research reports from Good Research Track your portfolio with Sharesight ——— 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. Hosted on Acast. See acast.com/privacy for more information.