Ask an Adviser - How Much Insurance Should We Have

Katherine from Sydney asked: We are a couple in our 30s with a mortgage, car loan and no kids at this stage. We haven't saved much given our funds were needed to finance other family matters. My husband is in a contract role and I work full time. We also have no insurances - do you recommend we take out insurance - life, income protection, etc and if so, how much? And what does insurance in Super v insurance outside of Super mean?