I saw this post the other day but didn't have time to post. I have an incredible peace of mind knowing that we have life insurance and it's a bonus if you get a good deal through your super fund because the premium comes out of your super and you don't miss it out of your accessible income. My dh also have insurance through his work. It's worth noting that an insurance company wont pay out on 1 life twice even if there are 2 different policies. For this reason I made sure that the company who covers my dh at work is not the company that we have our other insurance through. I also think TPD is important and I even looked into trauma cover. We couldn't get the premiums taken out of super fund for Trauma cover so we don't have it. It covers so many things which is awesome but it's way more expensive! I forgot to add that dh also has the top income protection insurance (again premiums are taken out of his super) This is really important because if he can't work for some reason we would still need to pay the bills!
Ive done some looking of my own and I can get more cover for less outside of my insurance company. Its just a question as to if they will accept to cover me or not I guess. I havent gone through with applying yet as I want to really research this. Is there some sort of company/financial planning service that can help you with this sort of thing without costing a small limb?
As for TPD it seems their is a minimum number of working hours for it? Does that seem right?
Cherished I looked at income protection but I dont work enough hours yet to be eligible (not to mention afford it lol).
So at the moment Im concentrating on the life side of things.
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