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Life insurance - what is it and why do you need it?!
Manage episode 281411295 series 2848734
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Welcome back to the Savvy Mumma podcast, starting a money conversation relevant for Mums who are busy juggling life, careers and households.
This week we are tackling another very important topic, one that everyone needs to consider and given our last conversation was about estate planning, I thought we'd stick with the worst-case-planning theme. I've invited in a friend, former colleague and senior manager at one of Australia's retail insurance companies, Rachael Harney, to join me in having the life insurance conversation, because let's face it, these tough conversations are better shared!
We tackle why personal insurances are (very) important to consider, the different types of insurances that are available and what they do, how to know if you’ve got a policy that will pay out, and the importance of seeking the assistance of a financial adviser to help you determine the amount of cover you need and how to best structure it.
It's a complex area, so we've included a handout in the link below to break it down a little further.
Resources
An overview of all the different types of cover as mentioned in the show and further information on insurance: https://moneymode.com.au/personal-insurance-guide/
CREDITS
Host: Renae Vercoe
Producer: Rachael Hart
CONTACT US
Website: https://moneymode.com.au/savvy-mumma/
Savvy Mumma Facebook Group: Join us
You should know:
Savvy Mumma exists purely for educational purposes and the discussions we share are general in nature and do not consider your personal objectives, financial situation or needs. Therefore before acting on this information, consider its appropriateness and seek independent financial advice before committing to any personal investment. Money Mode Advice Pty Ltd (ABN 29 627 492 791) is a corporate authorised representative, and Renae Vercoe is an authorised representative, of First Financial Pty Ltd (AFSL 481098, ABN 15 167 177 817).
Rachael's employer is in no way affiliated with any part of this episode and she taken part of her own will to share her personal views and experience.
See omnystudio.com/listener for privacy information.
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