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http://boards.fool.com/consider-the-costbenefit-compare-the-two-21958284.aspx
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| Subject: Re: 401(K) Disability Protection Plan | Date: 1/24/2005 5:23 PM | |
| Author: PayingFool | Number: 18458 of 25033 | |
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Consider the cost/benefit. Compare the two disability plans -- one replacing 401(k) contribution and company match and the other replacing 2/3 of income -- in like terms, as in $X premium per $10,000 in benefits. For example, if $0.22 gives you $5000 in disability income, the cost is $0.44 per $10,000. If $4.08 gives you $675 in disability 401(k) contribution and company match, the cost is $60 per $10,000. |
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