A Million-Dollar Payout Still Has Limits

Imagine receiving almost $1 million in insurance and realising it still might not be enough. At just 30, this week's Money Diarist's husband was forced to medically retire from his $250,000 tech career after developing a debilitating neurological condition. Suddenly, their plans for a future full of travel, financial freedom and enjoying their newly married life looked very different. Now she's supporting their household on her $85,000 salary while managing her own chronic health conditions, and the insurance payout they were so grateful for has to help replace decades of lost income. We're talking about the reality of claiming on income protection and TPD insurance, the one thing they wish they'd done differently, and why having insurance doesn't necessarily mean having enough of it. Because here's the thing: they actually did so much right. They had insurance, they'd updated their cover as their income grew, and it made an enormous difference. But their story raises a question I think we should all be asking ourselves. If something happened tomorrow and you couldn't work again, would the insurance you have today actually be enough?

SORT YOUR INSURANCE: If this week's Money Diary teaches us anything, it's that you never know when life is going to throw something completely unexpected your way. And by the time you need insurance, it's often too late to get it. A huge thank you to our long-standing partner Skye Wealth for bringing this episode to life. We only ever partner with people we genuinely trust, and if you've been putting off sorting your personal insurance, consider this your sign. Find out what cover you might need and get started here.

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Acknowledgement of Country By Nartarsha Bamblett aka Queen Acknowledgements.

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