Welcome back to another episode of the 360 Money Matters Podcast!

In this episode, we reveal how to find the sweet spot: protecting your family adequately without draining your finances.

Drawing from years of reviewing client insurance policies, we expose the most common mistakes—from relying solely on inadequate default super cover to over-insuring for circumstances that no longer apply. You'll discover how insurance needs evolve with life stages, how to structure policies tax-efficiently, and practical strategies to reduce premiums without sacrificing protection.

Whether you're just starting out or reviewing existing cover, this episode will help you make informed decisions about one of the most important—yet most misunderstood—aspects of financial planning.

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of Akumin Financial Planning – AFSL 232706

Episode Highlights

• The four types of personal insurance and when they overlap

• Why default super cover usually isn't enough

• How to calculate insurance needs based on your life stage

• Structuring strategies to reduce premiums (step vs level, waiting periods, super funding)

• Tax implications of holding policies inside vs outside superannuation

• Common mistakes that leave families exposed or overpaying

• Real cost perspective: What you're actually paying per day for peace of mind

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360 Financial Strategists

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