Thanks everyone. We are most like @Pineapples, and using a couple of calculators it appears we don’t really need life insurance at all. I’m hesitant to drop it all together, but I know it’s ridiculous to be paying for 2 policies. I’d also like to look at income protection.
I’m wading through my 2 x PDS at the moment to do some comparisons.
First problem I’ve realised: we are in our mid-forties. To pick up any extra insurance now needs the full 13 page screening document where they do all but scan your DNA.
Second problem I’ve realised: We’re with HESTA (who I like), but the insurance is with Commbank, and haven’t they just been absolutely appalling in the expose from the Sydney Morning Herald?! Turns out it’s probably not worth much more than the digital ink it’s written in.
I’ll keep researching, I was interested in what others were doing.
@HernandezPrime - love to hear what you find out!
@Peter - I’m not at the stage where I’m ready to find a financial adviser yet, but thanks for the heads up. Also, to skew off a bit, wasn’t that legislation wound back? Or is it going to be wound back?