Originally Posted by
Flyinggrill
Is anyone here paying an outside company for supplemental disability insurance? If so, can you break down the cost/benefit? I’m half considering cancelling PMA at this rate too as I’m younger and don’t want to waste years more of paying it at a 100+% increase only to not even have access to it by the time I might need it.
I confess I do not know much about the APA offerings but I'd imagine as a younger person, paying the tax on LTD benefits to get tax-free LTD has a better long term return.
Originally Posted by
dsevo
Yep. If I went out today I’d take home $350k/yr plus a maxed out 401k. Quite a bit more than I make after taxes now since I throttled back after a deliberate big year in order to solidify 5 years of LTD. It’s nice to have no concern about income replacement aside from a short term emergency fund. AA/APA is absolutely industry leading in this regard.
IMO if you're making nearly as much not working than you are doing so, that kinda gives credence to the large premium increases.