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Joined 1 year ago
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Cake day: July 21st, 2023

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  • This is the same as me. I also have a policy on both my kids. It’s $10k and it’s so I don’t have to worry about funeral costs.

    There are also plans like that and turn into a college fund but it’s probably just better to use a 529 for that.

    But ultimately, in my opinion, it’s better to have a one on the bread winner of the family. But some people feel they are never necessary.

    If you die young you don’t need insurance because your spouse is still hot and can re-marry easily. If you die older your children are out of college and can take care of themselves.

    Everyone take or don’t take insurance policies for their own reasons and it’s hard to know exactly why unless they make it plainly obvious.





  • Sounds like you have a “low premium” high deductible plan. I had one of those. Where I paid every dollar until I hit $3.5K and then 20% until hit $7k and then paid nothing. I can see where you could get to $86k. I’d start looking for a job that comes with a better health plan. I now pay $400 a month and $20 co-pay here and there.

    That’s a symptom of our system. There’s so many different plans and options, and it’s further obfuscated behind your company doing all the negotiating that it’s not actually a free market. We would be better off going to a single payer system.