Very good point Mathew. Every time someone wants to sell me insurance and I think it might be useful, I then say to myself, if I were take that the premium and put it in a separate "insurance savings account" I would probably be able to cover whatever I would have insured. And that's what I did for the most part. Turned out to be quite a big nest egg. Of course I'm not including Auto, Home or Major Medical, although I would be ahead big time if I hadn't :-). But unfortunately we can't see the future, and those big item can kill you financially. Al - High Point, NC On Dec 9, 2010, at 1:27 AM, Matthew Todd wrote: > Here is a good plan to obtain disability insurance. > > 1) Get out of debt (if you have any) > 2) Start piling away money when you can (extra jobs, etc). Work at saving months worth of your regular income. > > I believe the above is worth way more than any type of disability insurance you can get. > > I too looked into disability insurance and the premiums were outrageous for what small percentage of my regular income I would finally be paid. > > One thing I was so worried about when I first became self-employed was worrying about what insurance to get, etc. You can worry yourself sick with all the insurances you may want to get for those "what if" situations, and then you won't have any money left to live on. > > It also depends on how active you are, and with your job. I am not sure how insurance companies rate a piano technician as far as risk. > > > TODD PIANO WORKS > Matthew Todd, Piano Technician > (979) 248-9578 > http://www.toddpianoworks.com > > > --- On Wed, 12/8/10, Ryan Sowers <tunerryan at gmail.com> wrote: > > From: Ryan Sowers <tunerryan at gmail.com> > Subject: [pianotech] disability insurance > To: pianotech at ptg.org > Date: Wednesday, December 8, 2010, 4:44 PM > > The "Pain Hurts" thread reminded me that I've been meaning to discuss disability insurance with the list. I've been seriously contemplating carrying it. I worry about getting injured and being out of work for a couple of months or more. With a family of 5 and lots of bills the though of not working for more than a couple of weeks freaks me out. > > I'm wondering if others carry it, and how much they pay? > > -- > Ryan Sowers, RPT > Puget Sound Chapter > Olympia, WA > www.pianova.net -------------- next part -------------- An HTML attachment was scrubbed... URL: <http://ptg.org/pipermail/pianotech.php/attachments/20101209/7eae17c7/attachment.htm>
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