Australian Finance Podcast Summer Series Part 10: Protecting yourself and your family
10 snips
Jan 22, 2026 Explore the essentials of financial protection, emphasizing the importance of insurance in safeguarding families from unexpected events. Discover various types of insurance, including health and total permanent disability coverage, and learn how they can prevent financial disasters. Understand the critical role of wills in estate planning and why everyone should have one. The hosts also discuss building emergency funds as a first step to financial security, plus tips on saving and community engagement through challenges.
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Protection Is A Core Financial Pillar
- Protection is the fourth financial pillar alongside earn, spend, and build and is essential for maintaining lifestyle during shocks.
- Insurance, wills and safety nets prevent financial ruin and keep cash flow flowing while you recover.
Choose The Right Personal Covers
- Get the right mix of personal covers: life, TPD, income protection and trauma depending on needs.
- Prioritise income protection and TPD while tailoring life cover to your family's dependency and debts.
Income Protection Replaces Salary
- Buy income protection to replace salary while you can't work; it can count for home loan servicing.
- Use it to maintain mortgage and living costs until you return to work or the policy ends.