How to apply for life insurance and income protection. 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:

- Getting insurance through an adviser, going direct to an insurer or Super fund

- A statement of medical questions

- Your 'duty to take reasonable care' when disclosing information

- Underwriting and the insurers ability to use claims data to determine the risk of insuring you

- Key terms like loadings, exclusions, waiting periods and coverage period

- Understanding the tax treatment of income protection premiums and benefits

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

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

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

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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

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Monday of the Twentieth Week in Ordinary Time - Dr. Jeffrey Morrow