Most people don't avoid insurance because they think it's bad. They avoid it because they'll "get around to it later."
In this episode of Friday Fundamentals, Shane sits down with insurance specialist Don Glendinning to bust some of the biggest myths surrounding life insurance, income protection and personal cover.
They unpack why so many Australians delay getting insurance, what can happen when unexpected events strike, and why even basic cover can be better than having none at all.
Whether you're buying a home, starting a family, building wealth, or simply trying to protect your future, this conversation will help you understand why insurance is a key part of any financial plan.
In this episode:
✅ Why people keep delaying insurance decisions
✅ The risks of relying on luck and good health
✅ What income protection actually does
✅ Insurance through super vs personal cover
✅ Why financial advisers play a critical role
✅ Common misconceptions about insurance costs
✅ The importance of reviewing your cover before major life events
If you've ever thought "I'll sort that out later", this episode is for you.
🎧 Listen on Spotify, Apple Podcasts and YouTube.
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⌛Timestamps
00:00 Why insurance can't always wait
00:25 Introduction to the insurance myth
00:58 The "I'll get around to it later" mindset
01:31 Real stories of insurance regrets
02:25 What happens when income suddenly stops?
02:56 Understanding income protection
03:41 The backup plan most people overlook
03:49 Why you should review your cover today
04:51 Major life events and insurance timing
05:05 Is insurance really too expensive?
06:23 Insurance through advisers, super and direct providers
07:10 Why super insurance may not be enough
08:24 Australia's underinsurance problem
09:08 Industry changes and fewer advisers
09:55 Why professional advice matters
10:04 Pre-Purchase podcast update
#Insurance #LifeInsurance #IncomeProtection #FinancialPlanning #PersonalFinance #MoneyTips #FinancialAdvice #FridayFundamentals #WealthBuilding #PropertyCouch
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