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

Yeah.

The thing to consider is life insurance.

You know, 45 single, no kids.

Is there a need for life insurance?

I would much rather allocate that money towards a trauma insurance policy or a disability insurance policy because they're two policies that we don't actually have in this suite of products.

And these are things that, you know, we've done a full review of like what need we would require for someone like this based on the, we didn't have a debt figure in this example.

For me, I think covering income until age 65 is really important with a combination of income protection and disability.

So that requirement means that there's probably, I think, an under insurance of around $625,000 for disability cover and

because the income protection only covers a certain amount of that income.

And trauma insurance, we're relatively conservative in terms of our levels of cover.

Some advisors will have a lot more cover than what we recommend our clients, but we recommend 30% of income for 12 months.

If you're off work, you'll get that income protection payment as well.

And $100,000 for medical expenses or anything else that you need that money for.

Hey, and that's a great segment.

I didn't even tell you I had this data, but 50% of our clients who come to us actually change the quote before we apply.

Yeah.

And at the end of the day, we don't mind what people go ahead with.

Our job is to educate people, understand the policies, how much cover we think is important, but then empower them to make the choices right for them.

100%.

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