What insurance policies could be recommended for Niko and Mia? and how much insurance? Their details are below:

Personal Details:

Niko and Mia Lee are married and have one child together - Daisy who is a 12 year old child with disability needs. You also have Kora, Mia's 88 year old mother who is dependent on the family.
Niko works full time as a Painter and decorator and Mia works part time as an Accountant.
Niko was born on 09/02/1964 making him 58 years old and Mia was born on 26/04/1967 making her 55 years old.
Neither Niko or Mia are smokers.
Niko has prepared a will prior to marrying Mia and also has a general power of attorney, who is his business partner Gee. While Mia has neither.
Neither of you have enduring powers of attorney or enduring medical powers of attorney.
Daisy attends a private school on the outskirts of Melbourne.
 
Financial details:

Niko earns $157,500 p.a and Mia earns $75,000 p.a, making their total household income to $232,500.
After the reduction of expenses like loan repayments, school fees, etc, your total surplus is $82,864.
You currently have $250,000 in home mortgage to repay over the course of 30 years and credit card debt of $12,000.
Your total assets amount to $1,771,000 and this includes Mia's superannuation fund which holds $94,000 (Mia's boss makes the minimum statutory contributions to super).
Niko owns Bitcoin which was purchased on 18th November 2016, for $741.69, and currently is valued at $32,281.97.
Niko and your business partner Gee own a holiday cabin which they take turns using and also sometimes rent out for cash.
 

Insurance Details:

Family lives in Kinglake 3763 for 12 years. You have existing insurance on your house which has not been renewed.
Neither of you have private medical insurance.
Both of you plan to retire at age 65 and live off your accumulated savings and the income derived from Niko selling his business.
If either Niko or his business partner Gee want to leave the business, the other person would buy it from them for an amount equal to twice the annual profit.
Niko currently does not have life or disability insurance.
Mia currently has default level insurance cover with superfund - REST.
Both have third party insurance on cars but none on holiday cabin.
 
Assumptions:

Funeral expenses are $30,000 and any out of pocket medical expenses would be $25,000.
Assumption that CPI rate is 2.5% per annum.
Niko's life expectancy is 83 and Mia's is 85.
In the case of either Mia or Niko's premature death your living expenses would fall by 20%.
Daisy's disability is strictly physical (since she goes to school).
30% cost of Mia working only part time.