‘Is The Cover In Your Super Enough?’ And Other Quickfire Insurance Questions With Skye Wealth
5/26/202646 min
So you can be overinsured and you can be underinsured, but can you ever just be insured enough in your super?
‘10 Things I Hate About You’ jokes aside, we yapped about insurance with friend of the pod Phil Thompson from Skye Wealth. Join us on the Deep Dive couch as we unpack a couple of case studies to demonstrate what it might look like to be overinsured, plus how an underinsured person might get sufficient cover, followed by a quickfire round of questions from our She’s on the Money community.
Tune in if you’ve ever wondered: what percentage of your income should be spent on insurance, if the coverage in your superannuation is enough to see you through, or if you’ll still be covered with ADHD. Relatable, tbh. Self-employed, unemployed, or in your 40s, Phil’s got an A for so many of your Qs.
SORT YOUR INSURANCE: Thanks once again to our partners Skye Wealth for bringing this episode to your feed. If you're ready to chat to a professional about your insurance, we have a long standing referral partnership with Skye Wealth and only ever partner with people we trust.
EVEN MORE EPISODES: Listen to our insurance playlist here.
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Acknowledgement of Country By Nartarsha Bamblett aka Queen Acknowledgements (queenacknowledgements.com)
The advice shared on She's On The Money is general in nature and does not consider your individual circumstances. She's On The Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Victoria Devine and She's On The Money are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 451289.
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First 90 secondsNatasha Bamblett· Soundbite0:00
My name's Natasha Bamblett. I'm a proud First Nations woman, and I'm here to acknowledge country. Ti, Glenyan Ganya, Nyana gaga yawi yambena waka, nyana gayi nambeni yakarumja, duminya gumika dummika itho waka nitho wamin damin emelan. Mumubain gara boma enin yalan waka, ganan yakarumja, wutu narana. Hello, beautiful friends. We gather on the lands of the Aboriginal people. We thank, acknowledge, and respect the Aboriginal people's land that we're gathering on today, take pleasure in all the land and respect all that you see. She's on the Money podcast acknowledges culture, country, community, and connections, bringing you the tools, knowledge, and resources for you to thrive.
Victoria Devine· Host0:44
She's on the- Money She's on the money. [laughs] [laughs] Hello, friends, and welcome to She's on the Money, the podcast that helps you build a financial future that has your back. Now, let's be very honest. If you weren't able to work for a few months, would you have enough in your savings to keep the lights on, keep the fridge filled, and your bills paid? What if suddenly you couldn't work full-time or had to provide ongoing care for a loved one going through a similar situation? For some of you, unfortunately, this is not actually hypothetical. We've heard from a number of you who are affected by health conditions and life events that have forced you to take some time off work or roll back your commitments altogether.