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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