Thinking of giving up my income protection - what do I need to consider?

I got my IP policy when I bought my first home with a mortgage at 29yo. Being single in a fairly well paying job, that was a no brainer.

I'm 47 now. Stepped IP policy premium has more than doubled - 8k annually and going up in big steps each year. I'm barely working as I'm busy with my family and running a household. My current annual income is less than 20k, and i dont see myself ever going back to full time work. Ie, minimal tax deductibility.

Spouse is working full-time making 200k annually and has his own Income Protection policy. Thanks to years of frugal living and a small inheritance, our PPOR loan and our investment property loan are recently fully offset.

Spouse has 150k in super and I have 100k. We are both personal services sole traders and have prioritised paying off the home loan. We are quite risk aversed. We do also have 20k in EFT.

I'm thinking of giving up my IP policy as there is no risk of losing my house without my income. It's an any-job cover, apparently a very good one that you cant get anymore, and won't ask too many qns if I ever need to make a claim. (Thats what my IP advisor said.) No claims for first 30 days.

I have developed an autoimmune condition since the birth of my daughter, but it's been fairly mild the last 12 years. Point is it'll be tricky to get a new policy if I want one. I have a small TPD and life linked to my super. Otherwise I'm fairly healthy and stay fit, don't drink or smoke etc.

Will I be stupid to kill off my IP policy? It just feels like such a big cost that is not reducing any risks.