Morning curmudgeons, I’ve been racking my brain over what I’d do if something happened and I was unable to work given the nature of what we do and how easily an everyday accident could keep us out of work for months if not indefinitely. Namely every time I’m ripping down a ski trail or cutting wood with the chain saw its in the back of my mind. Its not an office job you can go back to in a wheel chair or on crutches.
I have through my employer Short term, and Long term, covering 50%-60% of income until retirement. Often, but not always the company has paid guys their base salary for a month or so on top of that. %50 of what I make is enough to live off, but definitely not enough to live the same lifestyle! The old lady can support us, but no way I want to rely on one income if not necessary. I’m looking into some supplemental insurance, at least on the short term, but think its a ripoff for the premiums. I’m talking to an insurance guy, ideally I’ll add another %25 of my income in short term to supplement the %50 from work.
What have you guys done? I want to keep my savings as savings and not use that money as insurance.