Phil Thompson

speaker

1,592 appearances 4 recordings 3 series first heard Apr 2026 last heard 25 Aug

Phil Thompson’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 4 in all, peaking in Aug 2026 with 1.

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So $8 million is your value of your income between now and retirement.

Like go and insure that $8 million because you're going to need that for a long time.

You're going to need it to pay off your mortgage.

And so for me, yeah, definitely do it because the automatic acceptance rarely includes income protection.

There are some funds that do.

And especially as a 25-year-old or when you do get to 25, the level of cover for 25-year-olds are often really low.

It's like it starts super low, then it increases to your mid-30s and then goes down again.

Yeah.

It's an $8 million annuity.

You've got to work for it when you've got to do your job still.

But it's like your ability to work is the most important asset for a 25-year-old, especially with a mortgage.

Yeah.

So, yeah, like trauma insurance, I think that's important.

For me, number one, as you said, income protection, by far the most important for this person.

And I was looking over one of the advisors' shoulder the other day and they were in a meeting.

And I don't know if it's me getting older, but the client looked really young.

And they were just watching.

They were monitoring the meeting.

And I was like, how young is that client?

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