Do young, healthy Australians actually need insurance?

Many people assume insurance is something to think about later in life.

But according to financial adviser Chemere Brown, the majority of insurance claims occur between the ages of 25 and 45.

In this week’s FUNdamental Friday, Shane and Chemere unpack some of the biggest insurance myths and explain why many Australians may be underinsured during the years they have the most financial commitments.

They discuss:

✅ Why most claims happen between 25 and 45
✅ Why being healthy may actually be the best reason to get insured
✅ Income protection explained
✅ Common misconceptions about insurance through super
✅ Why your future income may be your biggest asset
✅ Waiting periods and affordability options
✅ Whether savings alone are enough protection
✅ Why property investors should review their insurance strategy

Because your biggest financial risk often isn’t what you think it is.

 

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Watch PRE-Purchase, our free 10-part video series designed to help Australians Prepare, Research and Execute their next property purchase with confidence.

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⏰ Timestamps

00:00 I’m young and healthy. Why do I need insurance?
00:25 Meet Chemere Brown
00:56 Insurance myth #1
01:26 Why most claims happen between 25 and 45
01:54 The most common insurance claims
02:35 Why healthy people should get insured
03:11 Why risk is often highest between 25 and 45
03:39 Is insurance inside super enough?
04:24 The insurance gap most people miss
04:45 Why your income is your biggest asset
05:15 If you can only afford one type of cover
05:59 Tax deductions and insurance
06:54 Is insurance only for death?
07:10 Where most claims actually occur
07:41 Waiting periods explained
08:40 How waiting periods can reduce premiums
09:08 Can you just rely on savings?
09:21 The average Australian savings balance
09:54 How much emergency savings should households hold?
10:19 Insurance for property investors
10:51 Why financial advice matters
11:13 PRE-Purchase series