Im looking around for some decent LOI insurance, that does not treat us like an ATM machine...if there is such a beast.
The LOI from tne AOA is not sufficent, with only 5 years cover. If you suffer a stroke and cannot work at all, after 5 years you go and live under a bridge somewhere and collect food stamps.
I currently have Comminsure cover to age 60, but over the last two years, the premiums have gone up by roughly 40%!!!
At the age of 43 for 12,000 Aud cover per month, my premium is close to $ 6500 per annum.
If i may ask what other option are there and also what are you guys paying for this cover?