lundi 15 septembre 2014

Life/income insurance for a 22yr old necessary?

So a conpany called real insurance called and after some discussion with the guy on the phone it got me a little interested. Mainly the fact that if I get injured I still want an income so I can focus on trading.



Now the real question. Are the odds against me. Is this a bad gamle to take. I would be making like 600$ working part time. I dont have any kids or responsibilities. Paying 400/500 per year for 40/50k per year pay out for a maximum of two years.



Obviously its relative to my life style. The only thing I can think of which could be a health hazard would be my imvolvement in racing dirt bikes.



I guess id have to weigh the odds of paying 400/500 a year for x amount of years with the fact that its also an oppurtunity cost (could invest it) vs the chance of an accident and the pay out.



Bottom line has any one done the mathematical equation to see if its worth it or not at my age?



Thanks




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