When considering insurances you should review the following:
Life insurance limits should cover the payout of debts, support your children through education and domestic help until they are no longer financially dependent, clean up miscellaneous costs associated with your passing and to maintain your partner's lifestyle until they pass
Temporary or Permanent Disability (TPD) insurance limits should be set similar to your life insurance limits, and take additional consideration of medical costs that may be incurred if you are permanently disabled
Trauma insurance limits should allow for your inability to work for 1 to 2 years and should provide enough to make medical modifications to your home and transport, plus meet finance and lifestyle expenses while you are unable to work, and
Income insurance limits should typically be set at around 75% of your regular monthly income.
