income protection insurance

16 September 2022
How I money (2022)

A follow-up to my 2019 “How I money”, showing how my wife and I actually structure our savings, investments, insurance, and spending three years on. Don’t treat this as a guide — it’s illustrative onl…
18 February 2022
Paid off the mortgage? Don’t cancel your income protection insurance just yet

Lots of people reassess their insurance after repaying the mortgage and cancel their income protection. I often think that's a mistake. Mortgage-free years are usually when you build the wealth that f…
20 December 2019
Insurance isn’t black or white

It's easy to think about insurance in binary terms — you have it or you don't. But there's a huge difference between a 4-week and a 13-week waiting period, between $100,000 and $1 million of life cove…
31 May 2019
You’ll never have the “right” amount of insurance (but don’t let that stop you)

You'll never have the "right" amount of insurance, because you're dealing with uncertainty. You can only tell what you needed with hindsight or a crystal ball. For most people the best case is paying…
12 November 2018
Parents can help out their children by underwriting risks

Parents help their kids in obvious ways — education, deposits on homes. But there's a subtler one worth naming: underwriting risks. A parent in a sound financial position can take the place of a traum…
18 June 2018
Trauma insurance is not a substitute for income protection insurance

Every so often I meet an insurance adviser who waxes lyrical on trauma insurance — there's something almost religious about it. In person, it's compelling. This article is an antidote. Trauma insuranc…
15 March 2018
Insurance – why I prefer stepped premiums over level premiums

As a general rule, I say "no" to level premiums for personal insurance. Your insurance needs should reduce over time, so if you select level premiums, you may end up locking yourself into unnecessary…
19 June 2017
Red flags to consider if you’ve received personal insurance advice

Many insurance advisers provide terrific advice — but not always. Two red flags worth watching for: when the adviser has recommended the same level of life insurance cover for both you and your partne…
13 April 2017
Are you OVER-insured?

Plenty of people are under-insured. But plenty are also over-insured — paying expensive premiums for cover they no longer need. Reducing cover is trickier than it sounds, and most advisers have financ…
10 October 2015
Insurance is a foundational risk management tool. But like any tool, it doesn’t cover all contingencies

I'm a huge advocate of most forms of insurance — general insurance for the house, contents, and car; personal insurance for life, income, total and permanent disability, and trauma. It's a foundationa…
1 July 2015
What should you consider when determining how much insurance cover do you need?

Working out how much life, TPD, and trauma cover you need is both simpler and more complicated than it looks. Two clients with identical objective circumstances can legitimately want different amounts…
6 February 2015
Do ALL people need life, trauma, TPD, or trauma insurance? No. Do MOST people need insurance?

Do ALL people need life, trauma, total and permanent disability, or income protection insurance? No. Do MOST people need insurance? Yes. These policies are typically about making sure the people who d…

income protection insurance

How I money (2022)

Paid off the mortgage? Don’t cancel your income protection insurance just yet

Insurance isn’t black or white

You’ll never have the “right” amount of insurance (but don’t let that stop you)

Parents can help out their children by underwriting risks

Trauma insurance is not a substitute for income protection insurance

Insurance – why I prefer stepped premiums over level premiums

Red flags to consider if you’ve received personal insurance advice

Are you OVER-insured?

Insurance is a foundational risk management tool. But like any tool, it doesn’t cover all contingencies

What should you consider when determining how much insurance cover do you need?

Do ALL people need life, trauma, TPD, or trauma insurance? No. Do MOST people need insurance?

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