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.

Appearances

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She's On The Money · ‘Is The Cover In Your Super Enough?’ And Other Quickfire Insurance Questions With Skye Wealth · 26 May 2026 podcast

No, I haven't increased my life and TPD.

I've got a lot of cover.

I just want more.

And same with you.

You got a good decent amount of cover.

No, I want to pay more premiums so my wife can be comfortable if something happens.

Anyway.

Anyway, tell me.

So for me, the things that I would think about for this person is being an executive assistant, do we need agreed value?

So that policy is probably 25% to 40% more expensive, depending on the provider, just the agreed value option.

So what that means is you're guaranteed to get that benefit amount.

While an indemnity contract, they look back at your last, depending on the style of contract, they look at the last three years and go, what was your best 12 months of income?

Were you earning the amount to justify this benefit amount?

Yeah.

Now, for me, the questions I would have for this person who's an executive assistant is how much does your income fluctuate?

If it hasn't fluctuated in the last 10 years and it's not likely to fluctuate in the next 10 years, do you really want to pay that extra premium for that agreed value policy that may actually not be worthwhile for that individual?

Now, if they came to me and said, hey, I'm running, she's on the money, my income may fluctuate over time because I'm a small business owner, then I would say, for yourself, VD, yeah, agreed value makes a lot of sense.

Let's go and increase that.

Yeah.

But if you're an employee, been doing it for a long time and plan to be doing it for a long time, that's where I would say maybe you're paying high premiums for the benefit that may not be there.

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