I'm setting up a new life insurance policy. The rate will be locked for 20 years, $750,000 for me and $250,000 for my wife. (I'm the only one bringing income at this point) Rate is $56 without waiver and $66 with waver for myself, and $25.50 without waiver and $29 with for my wife.
I assume the disability waiver is simply not worth the $13 per month or $3,120 cost over 20 years. I'm healthy and taking care of myself, so disability should be less likely in me than the average population.
Thoughts?