{ "media_type": "text", "post_content": "27, got life insurance and disability insurance when I was 24. Not sure I jumped the gun there. Feels like I am just paying and not sure I need to. Have rental income, w2 income, and investing in stock market right now. Thoughts?", "post_id": "5f9f2b5c140fec0022fdf078", "reply_count": 7, "vote_count": 1, "bowl_id": "5b3f7377ab53db00136f7b4c", "bowl_name": "FIRE Financial Independence Retire Early" }

27, got life insurance and disability insurance when I was 24. Not sure I jumped the gun there. Feels like I am just paying and not sure I need to. Have rental income, w2 income, and investing in stock market right now. Thoughts?

like
Posting as :
works at
You are currently posting as works at

If it’s cheap enough it’s worth keeping for your family. I pay $11 a month for 500k. I’d there for my child and wife in case something was to happen all my debt would be wiped

like

^ this. When you try to get it at 35+, it becomes $110+.

Term insurance that is.

I did too, you are not the only one. Esp in 2020 you never know what's gonna happen. Better be prepared

Unless you have dependents AND don’t have sufficient assets to raise them, eg 250k/kid tops, you don’t need life insurance. If your assets are greater than above # per kid, you can self-insure and earn the 7-8% profit an insurance company makes on policy writing. Disability insurance... tossup, really. You’ll earn SSDI over time and your next employer might offer private LT disability to you if Accenture already doesn’t.

I’ve seen families wiped out because of insufficient disability and life insurance. 250K/kid is not enough.

Thanks everyone for your feedback. I am single and no kids so I was thinking I may not need them. Between the two of them it’s about $85/mo

Related Posts

Looking for idea driven copy writers, ACD and CD level for health & wellness accounts. Not typical pharma projects, with lots of opportunities to work on meaningful assignments that address diversity and inequities. If you are interested in learning more please drop me a DM. NY based is preferred but open to fully remote too.

Anyone know of job opportunities for a UK qualified solicitor (corporate law) in Germany? Doesn't necessarily have to be legal counsel, open to other roles, preferably not a big corporate firm (mental health reasons). S.O. and I are moving to Germany, both are allowed to work there due to EU nationality so visa is not an issue. Unfortunately not great German language skills (fully aware this poses a problem). Would really appreciate any help on this, TIA.

like

Can anyone recommend a malpractice insurance company for a short-term policy? I’m doing a bit of contract work and want to be protected.

helpful

Hi all. Posted this in a different bowl and not getting any replies. Hoping you all can help. What benefits are smaller companies (under 50 employees) offering? How much pto? How big of a contribution to health, dental? Any spousal or dependent coverage? Any other less common benefits? Basically looking for ways to remain competitive to the degree possible with larger employers. Thanks!

like

I interviewed for a full-time role (remote) but it was later revealed it would require relocation. I am not wanting to do that and they said I could come on as a contractor. The vendor I would go through provides benefits (medical, dental, PTO). What would be a realistic hourly rate to request/negotiate? I want to get as high as possible but also don’t want to settle for less than what I have to. For context, I am at 165k right now and the role would have been a pay cut to 135k (full-time).

like

Has anyone ever taken a leave of absence/sabbatical due to burnout/exhaustion/depression? I'm feeling at my wits end with everything right now and have an appointment with my dr tomorrow. I feel like some time off away from everything would do me some good - I also have some other medical problems - but I'm afraid of what it might do to my career, what my co-workers/family will think, etc.

like

What’s the difference between FCB Health and, say, Area 23? Does 23 get ALL the awards and fame?

I have 3 yrs work experience as medical surgical nurse. The rate that im being offered is 42/hr plus 4 usd for differential and 4 usd for geographicsl pay. I just moved to houston tx. Is the rate too low?

like

Dear people, I was working as an Hr Admin Assistant in Borrego Health and my short-term project got over.I am again looking for a new opportunity in Human Resources Management(preferably in Talent Acquisition or Admin) in the San Diego area or (remote).I have 2.5+experience in Hospitality & Retail Industry. If anyone knows of a job opening where I would be a good fit,I will appreciate if you could send them my way!

like

Is everyone else having a problem finding beds for sick patients? I practice in the Midwest and our whole state is at capacity and then some. Have had patients in septic shock that took 2 days to get to a proper ICU. Had to keep a young guy with acute overt renal failure in need of dialysis for 3 days before we found him a place.

like

Looking to get into medical sales. Ideally Stryker. I graduated in Kilesiology and have worked ~5 years in life/health and p&c insurance. Advice on how to get into a company like Stryker with my experience?

Do you ladies wear makeup at work? I was in a rush today and went into the office bare face and one of my male colleagues asked if I was sick. Great now I feel even more self-conscious at work!

like

Any health law attorneys with amazing work life balance or straight 9-5? Can you tell us what you do?

like

Anyone willing to offer a resume critique? I'm seeking to renter the workforce after a 2 year medical hiatus and want to make sure my summary section explains it well

like

Does anyone work in healthcare consulting?

like

Are there companies in the US who are recruiting H1B's for insurance consulting opportunities? It is proving to be a challenge switcing with many companies not keen on H1 despite having openings.

TFW you know you are getting sick and there isn't anything you can do about it

like

Anyone here leave consulting even though they really enjoyed the work and felt it was a good fit in many ways? I've never felt more "at home" in a career (been doing consulting for 4+ yrs now) but the pace/pressure/lack of WLB is starting to take a toll on my health and social life. How many who enjoyed consulting found just as much enjoyment in other career paths (i.e. tech)?

like

So sick of wfh that I’m considering changing industries, but not sure what to. In an ideal world I’d be a teacher but can’t afford the pay cut…and can’t afford to go back to school :( any advice?

like

Additional Posts

Might be my last post here fam

Post Photo
likefunny

Do you have lunch in your office or usually go to a trusted nearby restaurant? Personally I find eating at my desk a little gross.

like

Unemployment decreased due to people coming back from being furloughed. This is not a great indicator the economy is coming back. The rate of Permanent job losers are still increasing.

like

Thanks to my parents for preparing me for this

Post Photo
likefunnyuplifting

Friday was complicated. So, I am going to break it down. Nasdaq 100 Futures (NQ) traded to the 9837 level, 32.75 points short of it's 50% HWB short. It then proceeded to sell off like nobody's business to 9846.50, 31.5 points higher than the projected objective for the HWB short. So, if you followed me on the channel, we were positioned for a nice rally at the end of the day. Markets have no memory on Friday afternoon. So, I think we are going up eventually and rally hard.

Post Photo
like

I will HODL until I pay my 5 year olds college tuition in BTC...whether that's 100% or 0.00001% of the tuition. IDGAF if you sold out. Keep your sell orders between you and Coinbase, biatch!!

like

This may not be possible but I figured I’d ask. I have a small amount of random stocks in Robinhood (under $1k). Is there any way to transfer the individual stocks to a different trading platform, like fidelity?

like

If you’ve got $10K to build yourself a 3-piece collection what would you choose? *Mechanical only - let’s say beaters don’t count toward the budget.

like

Time for an accountants union yet?

likefunny

Can someone give me examples of "lower middle market companies”? I’m having trouble visualizing the kind of work someone would be doing from an finance/investment point of view...

like

Please explain why 3rd shift even exists? Haha

List your favorite behavioral strategies! I’m running out of ideas!

like

I got COVID and am quarantining. I hate that I can't spend time with my family in the same house. Note: I am fully vaccinated, including booster, and got it from my 9 yo that's also vaccinated. Yes, I'm thankful neither of our symptoms have been that bad.

When do delloite send their laptop? My joining is in October they have already sent mail for address?

like

At McKinsey: - How long is realistic for a mid level external partner hire to make senior partner? What are the key criteria? - Any limitations on an expert partner making senior partner?

Called into the principal's office to discuss a parent's concern and was blindsided with accusations against me. I was "guilty", despite the fact I had previously documented and proven that this student twisted truths. I was not allowed to defend myself. Then I was told I was not a good fit for the school. I have been there for 13 yrs, 3 with this principal. Suddenly, I am accused of lacking empathy and told the students needed to be "protected" from me. I don't know what just happened.

like

What is your average take home % of your total annual pay in NYC (not including pension contributions)? I'm awaiting an offer and will be coming from overseas so not very familiar with all the deductions (state tax, City tax, health insurance etc).

like

Hello FIS buddies, Please can anyone help me refer JR0134667 for oracle dba profile?

like

Any recommendations for reputable, smaller creative shops in Seattle? To produce some localized content.

like

Hi, looking for a transition to a Product Manager role from a Project/Program manager. Please let me know jf any leads.

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal