Have spent the last couple of weeks reviewing my IP with CBA which I have had for four years, have cancelled this policy today because I can get a very similar product though TAL for much cheaper.. (compared PDS thoroughly) But my thought has now shifted to not worrying about it because...
-Have TPD/Death cover though super which my employer pays for with a lump sum payout which would cover me fine. (can increase later when needed)
-have a extended sick leave program at my company which allows me 15months sick leave
-WORK COVER for work related injuries, (first 13weeks 95% of wage, after that 80%)
-TAC for any road accidents payout for up to 5 years...
I know a few people on this forum know information about IP, Can be extremely important to investor's family's ect, I personally believe the only time I would need it if I was so sick to not return to work after 15months but not permanently disabled... which I can not really think of a situation like that or would be vary rare,
Sorry in advance for the long post, but would like to hear feedback, on whether is worth keeping given the above scenario... CHEERS!
-Have TPD/Death cover though super which my employer pays for with a lump sum payout which would cover me fine. (can increase later when needed)
-have a extended sick leave program at my company which allows me 15months sick leave
-WORK COVER for work related injuries, (first 13weeks 95% of wage, after that 80%)
-TAC for any road accidents payout for up to 5 years...
I know a few people on this forum know information about IP, Can be extremely important to investor's family's ect, I personally believe the only time I would need it if I was so sick to not return to work after 15months but not permanently disabled... which I can not really think of a situation like that or would be vary rare,
Sorry in advance for the long post, but would like to hear feedback, on whether is worth keeping given the above scenario... CHEERS!