You’re working hard to build wealth, but what happens if you can’t earn an income tomorrow? In this episode, we go deep on life insurance, income protection, and everything in between with insurance specialist Phil Thompson (Skye Wealth). From real-life claims to common mistakes (including relying on super), this is a practical guide to protecting your biggest asset: your ability to earn.

If you'd like to speak to Phil or anyone on our advice network head to https://equitymates.com/advice/

In this episode:

00:00 – Why protecting wealth matters

00:40 – Meet insurance specialist Phil Thompson

02:37 – Real-life claim: tragedy, and why insurance matters

06:50 – The biggest mistake: relying on super

10:07 – DIY vs advisor: what you’re missing

13:14 – Mistakes advisors make (yes, really)

16:44 – Case study: 36-year-old with kids and a mortgage

27:12 – Super vs outside super: how to pay smarter

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Ask an Adviser: Why earlier is better for life insurance with Phil Thompson