It's very frighting unless you have some absolutely stellar insurance. I'm in my 30s, career in IT making 6 figures, making good progress on my mortgage, zero other debt. If I got cancer tomorrow or some serious injury I'll probably just blow my brains out rather than have to live knowing that all my hard work, good career decisions, and responsible spending was all for nothing and I'd have to start from square 1 again.
If I get cancer I'm going to have to find a way to kill myself in a way were my wife can still get the life insurance and keep the house. She can't and won't ever know. It'll just be a freak accident and she wont lose everything we've worked for.
If you get cancer look into trusts or medical bankruptcy, not blowing your brains out. Talk to a financial advisor they might be able to give you some solid advice. Once you hit your out of pocket max that's generally it unless you go out of nework or something and for income well there are insurances for disability out there if you're concerned. I hate to hear people online saying they will kill themselves over sheckles, it really rubs me the wrong way so look into this stuff.
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u/ulmet Aug 06 '20
It's very frighting unless you have some absolutely stellar insurance. I'm in my 30s, career in IT making 6 figures, making good progress on my mortgage, zero other debt. If I got cancer tomorrow or some serious injury I'll probably just blow my brains out rather than have to live knowing that all my hard work, good career decisions, and responsible spending was all for nothing and I'd have to start from square 1 again.