- Joined
- Apr 20, 2008
- Messages
- 21
- Reaction score
- 8
Looking for a little guidance, to make sure I'm not missing something.
I'm a 30 yo healthy male, attending physician. Income around ~325k, unmarried, no dependents, relatively low COL lifestyle and currently cranking away at 200k of student loans.
I have my own Disability Insurance policy through Met Life, providing monthly benefit of $5250 for a premium of $185.76. I can increase this up to $15,000/month w/out repeating medical exam.
I am starting an academic job in July which seems to have great benefits.
One of these is a Mandatory Disability Insurance Policy through the Hartford. This will cover 66.67% of my salary, and is occupation-specific. I would have to pay the premium, but this is mandatory so I don't really have a choice.
My plan was to keep the Met Life policy for now, but not to increase it while I am still at this job and with the mandatory policy, as the two will be potentially providing me something like 15-20k/month if I'm disabled. I will keep the Met Life individual policy in case I switch jobs, etc.
Does this make sense? Thank you.
I'm a 30 yo healthy male, attending physician. Income around ~325k, unmarried, no dependents, relatively low COL lifestyle and currently cranking away at 200k of student loans.
I have my own Disability Insurance policy through Met Life, providing monthly benefit of $5250 for a premium of $185.76. I can increase this up to $15,000/month w/out repeating medical exam.
I am starting an academic job in July which seems to have great benefits.
One of these is a Mandatory Disability Insurance Policy through the Hartford. This will cover 66.67% of my salary, and is occupation-specific. I would have to pay the premium, but this is mandatory so I don't really have a choice.
My plan was to keep the Met Life policy for now, but not to increase it while I am still at this job and with the mandatory policy, as the two will be potentially providing me something like 15-20k/month if I'm disabled. I will keep the Met Life individual policy in case I switch jobs, etc.
Does this make sense? Thank you.