Periodic PSA: If you are young, healthy, and work in tech, your primary asset is likely your future earning potential. A few dozen people who follow me will, actuarially speaking, not be able to work the expected length of their careers due to illness/etc. This is insurable.
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The general thing you’re looking to buy is “Pays 60% of your current salary through age of retirement given inability to work longer than X” where you want to set X to their max value (120 days in my case). You want “own occupation”, which pays if you can’t do your actual job.
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There is a cheaper version (“any occupation”) which pays only if you’re unable to do *any* job, but there are ways to be functionally disabled from e.g. programming w/o being unable to work a cash register, in which case no benefits.
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“How much?” Depends on who you go through, your present health, your occupation (if you follow me yours will be cheap), and length of time you have it in force for, but rough order of magnitude is 1.5%~2% of your gross salary for benefits of 60% of it.
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Also: term life insurance, which is really, really cheap (given youth and healthy), is something you should consider mandatory if anyone depends on your income. Add a new policy (or replace) if you have a child / etc. This is also offered through work but same logic applies.
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End of conversation
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also many employer policies don’t meet the criteria you rightly mentioned (they are often any occupation, limited to a few years payout, don’t pay enough, or otherwise not good enough to actually protect against this risk)
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There's a gotcha with private policies if you're also covered through your employer: policies often have a cap off how much you can receive from all disability policies combined so as to avoid replacing over 100% of your income by some combo of policies.
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