Please explain what this means:

Insurance summary Cover $107,000 Life and $107,000 Total and Permanent Disability cover Premium $1,512 per annum Katherine $4,712 per month Income Protection 90 Day wait / To age 65 benefit period. $2,780 per annum Henry Stepped Premium $1,740,000 Life and $180,000 Total and Permanent Disability cover. $9,480 per annum $1,950 per month Income Protection 90 Day wait / 2 year benefit period. $1,940 per annum Stepped Premium For the purpose of this exercise you researched a range of insurers and Mylife Insurance Co came up with the best quote as follows (excluding tax rebates and irrespective of whether it is funded through their superannuation funds or individually): 6 Life TPD Income Protection Katherine $22 per $10,000 cover $32 per $10,000 cover 90-day wait to Age 65 $61 per annum for each $1,000 per annum in income cover. Henry $54 per $10,000 cover $59 per $10,000 cover $78 per annum for each $1,000 per annum in income cover. Insurance summary Cover $107,000 Life and $107,000 Total and Permanent Disability cover Premium $1,512 per annum Katherine $4,712 per month Income Protection 90 Day wait / To age 65 benefit period. $2,780 per annum Henry Stepped Premium $1,740,000 Life and $180,000 Total and Permanent Disability cover. $9,480 per annum $1,950 per month Income Protection 90 Day wait / 2 year benefit period. $1,940 per annum Stepped Premium For the purpose of this exercise you researched a range of insurers and Mylife Insurance Co came up with the best quote as follows (excluding tax rebates and irrespective of whether it is funded through their superannuation funds or individually): 6 Life TPD Income Protection Katherine $22 per $10,000 cover $32 per $10,000 cover 90-day wait to Age 65 $61 per annum for each $1,000 per annum in income cover. Henry $54 per $10,000 cover $59 per $10,000 cover $78 per annum for each $1,000 per annum in income cover