We both have life insurance including Total Permanant Disability (TPD) and we doubled it recently when I got pregnant. We also have the higest income protection and the shortest waiting period to be able to claim it. It is kinda expensive I think but we don't even notice because it comes straight out of our super. We figured that we are not seeing that money now anyway so it may as well give us some insurance incase heaven forbib we need it. I feel so much better knowing that dh and bubs would be well looked after if anything happened to me AND if dh couldn't work for some reason most of his wage would be covered so we could keep paying the morgage.