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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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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I'm just signing up for disability insurance now, and my provider would let me crank X all the way up to two years :-x That seemed a bit much, and the price difference between 3 months and 6 months was only ~20$/month, so I went with 3 months. Also: thanks for this advice! :-D
Thanks. Twitter will use this to make your timeline better. UndoUndo
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How does this factor in with burnout? Say you get burned out of tech and decide to do something else? I presume they won't pay out for burnout, but does the policy carry over? How does it carry over -- does this change based on how well the new occupation pays (presumably?)
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