Only €52 for insurance? How do you manage that?
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@hendrik_lmr really only? I think that's quite a lot to be honest 😁 How much are you paying?
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@hendrik_lmr but maybe it's because I don't have a car. This contribution has already been omitted.
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•Well, a good BU alone is usually already over €52 p.m. 😂
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•@Dirty30 What? 😂 Do you only have compulsory insurance? I pay around €250-300, but I also have expensive disability and car insurance.
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•@hendrik_lmr I've always assumed that you're more likely to need a BU if you have a manual or physical job.
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@Dirty30 However, around 75% of the causes of occupational disability are mental illnesses, cancer, heart disease, accidents, etc.
I consider the BU to be an essential insurance.
I consider the BU to be an essential insurance.
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@hendrik_lmr I have personal liability insurance (€80 per year, shared with my partner: €40 p.p. and year) and my car liability insurance (€350 p.a.).
I am at €32. My deposit is my insurance for everything else. Yes, there was a certain risk in the first 5 years. But with a high savings rate, the risk is reduced considerably very quickly. You have to bear in mind that disability cases don't usually mean that you can no longer work until you retire in your mid-20s. It's often only a few months. The first 6 weeks are covered by continued salary payments. And then the health insurance fund continues to pay. If the savings rate is high enough, this doesn't bother you. As soon as the savings rate is > 40%, you can continue to invest even in sick pay. And this doesn't even take into account the fact that costs such as commuting, going out, etc. tend to decrease.
I am at €32. My deposit is my insurance for everything else. Yes, there was a certain risk in the first 5 years. But with a high savings rate, the risk is reduced considerably very quickly. You have to bear in mind that disability cases don't usually mean that you can no longer work until you retire in your mid-20s. It's often only a few months. The first 6 weeks are covered by continued salary payments. And then the health insurance fund continues to pay. If the savings rate is high enough, this doesn't bother you. As soon as the savings rate is > 40%, you can continue to invest even in sick pay. And this doesn't even take into account the fact that costs such as commuting, going out, etc. tend to decrease.
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•@KevinE I understand the approach 👌🏼 I wish you every success with it
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My experience in the care sector tells me: without BU is always shit. The most important insurance for employees!
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