Income protection prices unaffordable

My IP has gone up to $7k per yr for age 65 cover on $150k per yr. I clearly won’t be paying this and am considering reducing to 2 yr benefit period and increasing my TPD to $1.5m. This is against my financial advisers advice so to solve this I’m sacking him.

Has anyone done this? Is there a product out there that excludes claims for mental illness? Let’s face it that’s why the rates are so high. I don’t mind that people have cover for this but I don’t want to subsidise that if I can help it.