Ask An Advisor: Bryce saved $900 getting personal insurance advice w/ Phil Thompson

Equity Mates Investing Podcast

Life insurance is something most of us have in our superfunds, but I (Bryce) didn’t. So I went through the process of getting life insurance with Phil Thompson, and the results were surprising (compared to the default cover in my superfund).

TL;DR - I recommend you take the time to understand your default cover in your super fund and then get a comparison quote from an advisor, because chances are you’ll be underinsured. As you’ll hear in this episode, getting insurance outside of your existing default cover doesn’t need to impact your cashflow either.

Here's what we cover it this episode:

• My (Bryce) life goals, and why now was the time to look at life insurance
• The process I went through to get a personal quote
• A detailed look at the outcome of the advice
• A breakdown of the advice and how it might be applicable to you
• Questions from the community about life insurance

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