Income protection insurance explained (expert guide) [Life Insurance Mini Series - Part 3/7]

"Income protection explained end to end. What is income protection? Expert Phil Thompson from Skye Wealth joins Owen Rask on The Australian Finance Podcast to talk personal insurance in our mini series.

Topics covered:
- Income protection benefits
- Detailed explanation of different types of income protection cover and its benefits.
- How to calculate the amount of income protection you need
- Different features of income protection
- Overview of income protection market and changes in 2021
- Income protection versus Work Cover
- Can I hold more than one income protection policy?

Mini series goodies:

~~ Finance Podcast resources ~~

DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.

[外人-bh]

Would it be reasonable to say that if you had IP with a benefit period up to 65 that the TPD sum insured could be substatially lower or not even needed at all especially if you had a trauma policy?