Episode 26 | Why you need personal insurance

Ask a question or send feedbackIn this episode, Aden is joined by David Andrew and wealth adviser Michael Hayward to explore the often overlooked but critical role of personal insurance in a well-rounded financial plan. From life insurance to trauma and income protection, they discuss how these "necessary evils" provide a safety net for families facing unexpected health events or financial crises. Whether you're planning for your family or your business, learn how to assess the right insurance mix to safeguard your future.(0:02:07 - 0:07:130) Different types of personal insurances(0:07:14 - 0:13:26) The purpose of personal insurance in a financial plan(0:13:27 - 0:18:02) The psychological and practical aspects of insurance coverage(0:18:03 - 0:23:53) The importance of insuring adult children and the hazard involved(0:23:54 - 0:32:14) Key takeaways on the role of insurances in a comprehensive family wealth management planThe Purposeful Investor Podcast is a public service provided for Australian investors wanting to make smart decisions with their money, avoid costly mistakes, look after the people they care about, and, have a great life!We draw on over 30 years of experience from David Andrew and the Capital Partners team.For more information on Capital Partners' award winning team, visit capital-partners.com.au. Have a question? Email us [email protected] episode provides general advice only. We do not consider your personal circumstances when we share this information. Always refer to your financial adviser for advice about your personal circumstances. Capital Partners Consulting Pty Ltd AFSL 227148 trading as Capital Partners Private Wealth Advisers ABN 27 086 670 788.