Lump sum insurance: Life/Death, Disability, Trauma & Childs Cover [Life Insurance Mini Series - Part 2/7]

What is lump sum insurance like Life Insurance / Death Cover, TPD and Trauma? Life insurance and 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: - Life Insurance explained - Trauma insurance explained - TPD (Total Permanent Disability) explained - Childs Cover explaind - Detailed explanation of the different types of cover and the benefits. - Different features and add-ons for lump sum insurance - The difference between trauma and TPD and if this leads to a life claim, how does it all work together? Mini series goodies: - Book a call with Skye: https://bit.ly/R-insur - Insurance checklist (PDF): https://www.raskmedia.com.au/life-insurance/ ~~ Finance Podcast resources ~~ Ask a question: https://bit.ly/3QtiY00 Access Show Notes: https://bit.ly/R-notes Rask Community: https://bit.ly/3UkFWel Invest with Owen: https://bit.ly/R-invest Join Pearler (discount): bit.ly/Pearler Join Pocketsmith (discount) https://bit.ly/R-PocketSmith Mortgage Broking: https://bit.ly/broke-rask Financial Planning: https://bit.ly/R-plan Property Coaching: https://bit.ly/R-P-coach 100-point property checklist (PDF): https://bit.ly/prop-check Accounting with Grey Space: http://bit.ly/3DG5lWS Business Coaching: https://bit.ly/o-coach 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. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices