Human Insurance | Insurance inside your superannuation explained

[@WhatIfAdvice]

Three Lego people WERE harmed in the making of this video… don’t let their sacrifice be in vain. Learn from their lesson and sort out your Human Insurance!

[@CM-qn2tr]

Love your videos. Short and to the point. Thanks mate!

[@TheSmokeACE]

Very helpful thank you

[@WhatIfAdvice]

Glad it was helpful!

[@smileyface2749]

Thanks king. Here, you dropped this 👑

[@Chanthaphoree]

If I'm no longer working, bc of uni, am I still covered with my super?

[@CraigBigelow]

You're speaking my language mate! Another good vid!

[@WhatIfAdvice]

Thanks mate. For anyone else reading this - heaps more great videos on insurance over @True Pride!

[@traviskluckhenn5941]

Fantastic video! Incredibly informative, and that office clip gets me every time 😂

[@w0mblemania]

Do you take any commissions on products that you advise on?

[@WhatIfAdvice]

Hi Wombles, generally we don't. We have a 'fee for service' model, where we aim to give strategic advice, rather than 'product' advice. We don't receive any commission on investment advice, superannuation advice, and in any other areas we deal in... However when it comes to insurance, we give clients the option to 'pay via commission'. Much like mortgage brokers do. It allows young people or low income earners (or some people just feel they don't want to pay for a brokering service) an alternative option. It would be easier for me to just say 'we don't accept commission' my fee is $x - however it means more people would decide not to get advice on insurance. Then the question is - how to do you avoid the unspoken conflict. 'Recommend more insurance so you receive more commission' - we have standard processes, full disclosure, etc... for me education also plays a large part (one of the reasons I started this youtube channel - and I do a lot more education with clients directly). Insurance should be a strategic decision, what do you want to do/ achieve (ie pay off debts, replace income etc) - its a mathematical problem. Then decide on your insurance requirement, then decide who should insure you. Its a long process, and that's why people outsource the problem to us. Insurance shouldn't be sold. Where fear is used and a (I don't want to use the word adviser in this context) - 'insurance salesperson' finds reasons why a person should have $3mil worth of life insurance. Thats where there is a conflict. I personally see commission as... I've said above, 'as an alternative payment method for clients'. I personally don't want them to be a major source, and would be more than happy if the business made $0 from commissions.

[@w0mblemania]

@@WhatIfAdvice Thank you for your considered response.

[@cobaltadvisers6879]

Did you hire a professional video editor? This looks great!

[@WhatIfAdvice]

Hahaha... nope... 😉 just found a guy off the street - taught him everything he knows..