You’ve heard me talk several times on this show about having a strong foundation for your financial plans. In practice, this means having some insurance in place so that if the very worst happens, your plans need not be washed away. In today’s show, I’m going to look at the different kinds of insurance, how much you need and what you should look out for in the plans you already have.

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Audit Your Insurance

So let’s talk about a foundation. When building anything, the foundation absolutely has to be right. If you build a house without an adequate foundation, at best you’re going to get some unsightly cracks, and at worst the place will fall down.

Life throws things at us which we don’t expect. Some of those things are worse than others. Some have a greater financial impact than others. But a prudent person takes some steps to ensure that if some or all of these things happen, then the longer-term financial security of you and your family need not be compromised.

Resources

Here's the cheatsheet I've put together to summarise the things I talk about in this session:

Podcast: Session 7, Protecting Your Future

Podcast: Session 22, All About Trusts

Transcript

As always, a full transcript of the show is available by clicking the enormous blue button below:

 

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