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Ask An Adviser: Phil Thompson - You'll never think about insurance the same

Equity Mates Investing Podcast

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Understanding Personal Insurance and Super Fund Coverage

The chapter explores various types of personal insurance, such as income protection and life insurance, emphasizing the need for individuals to assess their insurance coverage needs. It discusses the limitations of default insurance cover provided by super funds and highlights the benefits of seeking advice from financial advisors to customize insurance protection. The chapter also touches on tax deductions for income protection insurance and strategies like cancel and replace for optimizing contributions.

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