409 when to reduce life insurance, why price can't be the main driver, self-insuring, claims + more

In today's life insurance Q&A, Glen James is joined by Phil Thompson from Skye Wealth to answer questions from the Retire Right Facebook group. They touch on:

👉🏼 what to ask at your insurance review

👉🏽 when does life insurance become unnecessary?

👉🏾 affordability vs need, should you dial down or cancel?

👉🏿 what's the role of a broker/adviser at claim time?

👉🏻 when does income protection stop and TPD start?

👉 how to protect yourself if you’re uninsurable or self-insuring

👉🏼 premium rises after age 60 - cancel or reduce cover?

👉🏽 what can I do to compare life insurance policies myself?

👉🏾 where to find claim acceptance rates by insurers

Book a free 15min complimentary chat with the Skye Wealth team at https://skye.com.au

Check out the episode with Phil on money money money here: https://youtu.be/xCD-STG8sKI

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Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. Symo Interactive Pty Ltd trading as Retire Right Australia & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.Martin McGrath, Financial Edge Group and their employed financial advisers are authorised representatives of Synchron Advice AFSL 243313.

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