This is your periodic reminder that, if you have people who depend on you or causes that you support, 10 year term-life insurance is a product which is easy to buy when you are young and healthy and very inexpensive. Got married? Had a kid? Add a new policy on top of old one.
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Speaking of low liquidity, I'm curious -- any idea what the norm is in the event that someone with an equity grant dies? Do incentive options evaporate? Heirs have to decide whether to exercise within N days? Or something more generous?
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The norm is that your contract has anticipated this and you can expect the company to perform as per the contract, neither above nor below it. I'll follow this tweet with my understanding of what I would assume a contract prepared by professionals for a US tech company would be.
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As someone with assets in us and jp, do you buy in just one country/currency or split across both?
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I have material assets in the US but, due to Ruriko's lack of comfort with their worth and availability in event of me not being here, I buy all my life insurance in Japan.
End of conversation
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If you buy coverage at 20x your annual income, your survivors will be able to replace your annual income by living off 5% annual returns from the payout.
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This also assumes insurability. Some people with certain disorders are not insurable.
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