AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Australian Finance Podcast
How to make a claim on income protection and life insurance [Life Insurance Mini Series - Part 7/7]
Sep 8, 2024
Phil Thompson, an expert in life insurance and income protection, shares valuable insights on making claims in this detailed discussion. He outlines the essential steps for claiming income protection and life insurance, addressing TPD, Trauma, and Childs Cover processes. Phil highlights the significant role of insurance advisers in reducing stress during claims and the necessity of understanding the insurance PDS. He also shares real-life stories that illustrate common challenges and solutions in managing claims, offering listeners practical advice for navigating this daunting landscape.
31:58
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Understanding the claims process for life insurance requires proactive communication with advisers to navigate complexities smoothly and reduce stress.
- Familiarizing oneself with policy documentation and claim requirements can significantly enhance the chances of successful claim approvals.
Deep dives
The Importance of Diversification in Investing
Staying invested and growing wealth is heavily reliant on maintaining diversification within an investment portfolio. Low-cost, broad-based ETFs serve as essential building blocks for this, allowing investors to spread their risk across various assets. Specific ETFs like AAA, A200, and NDQ provide targeted exposure to different sectors, such as high-interest cash, the Australian market, and the NASDAQ 100, facilitating a strong core portfolio. By leveraging such ETFs, investors can ensure a balanced approach to wealth accumulation.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode