Reviewing your life insurance and income protection cover is vital. How should you do the insurance review? Life insurance and income protection expert Phil Thompson from Skye Wealth joins Owen Rask on The Australian Finance Podcast to talk personal insurance in our mini series.

Topics covered:

- When is a good time to review insurance?

- Major life events that should trigger a review (kids, death, buying a house, etc.)

- Why life insurance is NOT the same as car insurance, (unless you’ve had no health issues - unlikely).

- Strategies to manage and reduce insurance costs as time goes by

- Stepped versus level insurance premiums

- Why decreasing cover is easy and increasing is like a new insurance application

- How the risk to insurers has changed, and how this impacts the process

Mini series goodies:

- Book a call with Skye: https://bit.ly/R-insur

- Insurance checklist (PDF): https://www.raskmedia.com.au/life-insurance/

~~ Finance Podcast resources ~~

Ask a question: https://bit.ly/3QtiY00

Access Show Notes: https://bit.ly/R-notes

Rask Community: https://bit.ly/3UkFWel

Invest with Owen: https://bit.ly/R-invest

Join Pearler (discount): bit.ly/Pearler

Join Pocketsmith (discount) https://bit.ly/R-PocketSmith

Mortgage Broking: https://bit.ly/broke-rask

Financial Planning: https://bit.ly/R-plan

Property Coaching: https://bit.ly/R-P-coach

100-point property checklist (PDF): https://bit.ly/prop-check

Accounting with Grey Space: http://bit.ly/3DG5lWS

Business Coaching: https://bit.ly/o-coach

DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.

Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

Learn more about your ad choices. Visit megaphone.fm/adchoices