Owen Rascovich

So there's three, life, income, and TPD.

Now, I said this is going to be quick, so I'm going to try and speed this up a bit, but they're really important.

So I hold all three of these types of insurance through my super fund.

So if that gives you any indication of where I see the value in it, I don't want to pay for these things out of my own pocket.

I'd rather my superannuation fund does that.

however someone's gonna pay for it so the way I do it is I hold these three types of insurance inside super and then I put a little bit extra in I just be paid money in every month and I put that money in automatically now let's break it down life insurance life insurance if you cock it the payment is going to go to your family yeah but because I hold it inside super it the insurance company deals with the super fund and in the super fund distributes it to whoever gets it right

So when you think about life insurance, if you're the sole breadwinner, you have a lot of responsibility in terms of financial responsibility.

So you will have children's school fees going into the future.

You'll have a mortgage.

You'll have cars.

Think about everything that your partner is going to miss out on because you're not earning money for them.

That's what you need cover for.

So that's when you think about it.

So there's calculators you can use.

For example, just examples, there's one on the Host Plus website.

I think there's one on Australian Super.

You could just Google insurance calculator.

It'll come up.

You could ask an expert if you really want to get tailored advice, which is probably not such a bad thing.

Or you could just do an average of your income.