704b life & income insurance Q&A (policies, loadings, exclusions + more)
Life insurance is one the pillars of having a sound financial house so joining Glen on today's episode is adviser Phil Thompson from Skye Wealth to answer all your questions. Glen and Phil discuss:
ππΎ are insurance companies allowed to discriminate?
ππΏ whatβs the current landscape for mental health exclusions
ππ» 3 major life triggers for getting life insurance
π explaining the different types of life insurance
ππΌ what to expect when organising your insurance through an adviser
ππ½ my insurance is too expensive, how can I reduce it?
ππΎ how to get insurance advisers get paid?
ππΏ at what stage would you NOT need life insurance?
ππ» getting insurance direct vs through an adviser
π how much cover do you need?
ππΌ stepped vs level premiums
ππ½ what do you if youβre medically uninsurable
Grab Johnβs new book, Sort Your Property Out & Build Your Future
Book club π This month we're reading, The Psychology of Money by Morgan Housel. Find it on:
Booktopia: https://booktopia.kh4ffx.net/YgP7ZJ
Amazon: https://amzn.to/46tTAzq
Thanks to Skye Wealth for supporting our Thursday show! Connect with the team here
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Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs.
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