insurance Q&A: do I need it, mental health, inside vs outside super + more (ep908)

In today's personal insurance Q&A Glen James is joined by Phil Thompson from Skye Wealth of the show to answer all your questions! They touch on: 00:05 - the process of working with an adviser to get insurance 11:40 - when does price enter the chat? 24:07 - mental health & exclusions explained 29:52 & 49:38 - when & how often should I review my cover? 33:05 - do I need it if I don't have dependents? 34:15 - am I over-insured? 37:47 - holding insurance inside vs outside of super 45:53 - can I hold insurance with multiple insurers? 51:02 - child cover explained 54:42 - a testimonial from one of Phil's clients 1:00:46 - when can I cancel insurance altogether? This Q&A is continued in the money money money Facebook group: https://www.facebook.com/groups/m3.podcast/posts/26207957368811834 #insurance #lifeinsurance #incomeprotection #TPD #superannuation #financialadvice #moneyeducation #aussiefinance #mentalhealth #personalfinance Want to be a guest on the show? Apply here! https://www.moneypodcast.com.au/apply-to-come-on-the-show money money money is proudly supported by Sphere Home Loans and Skye Wealth. Need a mortgage broker? Check out https://www.spherehomeloans.com.au Need to review your personal insurances? Head to https://skye.com.au Learn how to be a better investor with 'The Quick-Start Guide to Investing' book: https://amzn.to/4dE11ai Need a system to manage your money? Check out the free Glen James Spending Plan here: https://education.moneypodcast.com.au/courses/the-glen-james-spending-plan This video is for education and entertainment purposes. It is not intended as a substitute for professional financial, tax or legal advice. 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 and obtain appropriate financial advice tailored to your needs. We may discuss products, services and answer listener questions on this video for entertainment & illustration purposes only. We may change the name of the questioner for anonymity. It is impossible to give you personal advice on an entertainment video as we do not know the details of your personal financial situation. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies that may be communicated in this video. SYMO interactive Pty Ltd, the publisher of the video, is an authorised representative of MoneySherpa Pty Ltd (as is Glen James) which holds financial services licence 451289. Please read our Financial Services Guide located at moneypodcast.com.au. This video is intended for residents of Australia. #personalfinance #money #investing #property #retirearly Intro theme: "Coal" by Hartley Licensed via Shutterstock Music – royalty-free, commercial use permitted. Community Segment Theme: "Tuscan" by Geoffrey Jerrell Licensed via Shutterstock Music – royalty-free, commercial use permitted. Midroll Segment: "Sunset Paradise (Pop)" by Monument_Music Licensed via Pixabay Music – royalty-free for commercial use. Outro Music: "Photograph" by nomaBeats Licensed via Pixabay Music – royalty-free for commercial use. No copyright infringement intended. All music used under appropriate commercial licences.