Emergency! (insurance)
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What is the main topic discussed in this episode?
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Welcome to the Australian Finance Podcast, a podcast for people who want to learn more about their personal finances and get the most from their money. This series is hosted by Kate Campbell from HowToMoney and Owen Rascovich from Rask Finance.
The Australian Finance Podcast is provided for educational purposes only. The information is general in nature and does not take into account your needs, goals or objectives. What that means is the information does not apply to you specifically. So consider getting the advice of a licensed and trusted professional before acting on the information.
Welcome to the Australian Finance Podcast and today we're going to be talking about... Insurance. Yes, that fun topic everyone loves to talk about.
That's it, we should put a big drum roll in there. We're talking about all different types of insurance and we're hopefully going to do it quickly enough that you don't fall asleep and make it a little bit enjoyable so you get something from it. And there'll be actionable takeaways and show notes and a checklist. yes which i haven't created yet but by the time we send this live i will have created that so don't worry it'll be there and you'll be able to use that and um get pushed in the right direction i guess so what are we going to talk about what's what's what's what's first
Oh, well, I guess preparing this episode, I didn't realize how many types of insurances there are. So I think the first one we wanted to discuss was insurance inside and outside of super.
Yeah. Okay. So before we go on, we've said we give our disclaimer in the intro, but I just want to say that insurance is one of those things where it can be deeply personal. We will probably have thousands of people listen to this podcast episode. I don't know all of your situations. So if I say something, it's very general. It's more so just information. So consider how it applies to you. And what I mean is don't go and change super funds or don't go and change your insurance just because I've said something. Really think about your pre-existing conditions and all that sort of stuff. Having said that, let's talk about the differences between insurance inside and outside the supermarket. Okay. So, when you have an insurance, what you're doing is you're buying protection for yourself.
And that could be protection against anything, right? I reckon nowadays you can get insurance on almost anything. And there are some companies that do that. But... What you're trying to do is you're trying to pay a very small amount to protect you from a very big hit to your finances. And the easiest way to do that is to pay a premium.
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Chapters
6 chapters
1
What is the main topic discussed in this episode?
0:00–9:47
2
What types of insurance are discussed in this episode?
9:47–13:50
3
How does insurance inside super differ from outside super?
13:50–21:22
4
What are the three main types of insurance people should consider?
21:22–22:50
5
How does life insurance work within a super fund?
22:50–28:09
6
What is income protection and why is it important?
28:09–33:07
Speakers
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Sounds like good money advice... But is it?