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Jase, I often do 6 or 12 month waiting periods. I am not sure what happened in your case?

Times are changing, you can now get IP insurance up to 65 years of age. Further, under APRA's conditions of release policy, Superannuation Circular No. I.C.2 -Payment Standards for Regulated Superannuation Funds. You will find the release is not as difficult as is often published. I have also...

Sorry, I may not have been clear? I am not suggesting, "no insurance". I am suggesting insurance paid via your super. Refer to my comment "I am happy to have super pay this bill". This is how you become insured and save the 33% that I was making the noise about.

I will give you a running example- An insurance policy for my IP and Life insurance premium is $2200 p.a. If I was a teacher earning $75,000- After tax and Medicare I may receive $59,000. I would then spend $175pw on groceries, $100 pw on all car expense, $25 pw on medical, $150 pw on phone...

I agree with the concept of purchasing Income protection for many people(not all, as it can sometimes be a waste of money). But, I do say, that you should always have the benefit paid until you are 65 years of age. If you are going to the trouble of organising this benefit, get the real...