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Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: Swat on April 29, 2017, 08:41:25 AM

Title: Should I get disability on my part-time working spouse?
Post by: Swat on April 29, 2017, 08:41:25 AM
Current medical resident, about to graduate in 14 months. My wife is a physician assistant and just switched to part time work after the birth of our first child (currently 5 months old). I already have disability and life insurance and we also have life insurance for my wife. Deciding if it makes sense to get disability insurance on her as well (obviously not as much as me though). I will always be the bread-winner and make good money as a specialist, but as a mid-level provider, does it make sense to get any disability on her? Her annual income being part time will likely be in the 50-100k range?
Title: Re: Should I get disability on my part-time working spouse?
Post by: Emg03063 on April 30, 2017, 09:56:22 AM
What for?  If you don't have an insurable need (and it doesn't sound like you do), then the answer is no.  Would only change if you wanted to maintain a lifestyle that depended on both of your incomes, which would be decidedly non-mustachian.
Title: Re: Should I get disability on my part-time working spouse?
Post by: hops on April 30, 2017, 05:48:27 PM
How cheap is the coverage? As a medical resident, you're undoubtedly aware of how expensive some disabilities can be. If she can obtain low-cost coverage through her part-time employment that would help protect your 'stache, it might not be a waste of money.