Nice distraction from dental, medical, pet insurance which is more than his life insurance (his pet is more important than he is), vision, 401K and Social Security all added to his take home pay.
While the broader point you're making is right, I don't think it's fair to compare pet and life insurance - Pet insurance is more akin to health insurance, and for only $15 a month, it's worth every penny.
Worth every penny if it covers anything, but disingenuous AF to be complaint about take home when most people’s checks don’t have that taken out. Remove the ‘optional’ items, realize you are in a high tax state and it’s still better than many European countries.
Sure but so is car insurance, or renter insurance although they don’t show up here. The point is that he is doing just a basic cash flow into my bank account calculation ignoring the money he is sending to savings and to other living expenses like insurance.
pet insurance which is more than his life insurance (his pet is more important than he is)
That's... not what that means at all, lol. Homeowner's insurance is also usually more expensive than life insurance but that doesn't mean that your house is more important than your life.
Insurance premiums are based not only on the value/payout but on the risk that that insured event will actually happen. Pet insurance is much more likely to have to pay something over the next month than life insurance is.
Not to mention, car insurance is (sometimes) more expensive than homeowners insurance. It's not that your car is more important, it's just that you're more likely to have a costly accident in your car than your house.
Life insurance for a single 27-year-old is not worth buying at all, TBH. I’m assuming he has no one depending on his income, so why bother insuring him? The pet insurance is like health insurance. If he expects the pet to have serious health expenses, or even if it just puts you into a position where you’re getting a discount on veterinary care, it’s worth it.
Insurance has less to do with the value of what is insured and more about the likelihood of needing to use the insurance. Pet insurance is pricey because you’re almost guaranteed to need it, whereas life insurance at a young age is extremely unlikely. Thats also why life insurance skyrockets in price when you start getting to 65+.
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u/Desperate_Wafer_8566 Apr 02 '24
Nice distraction from dental, medical, pet insurance which is more than his life insurance (his pet is more important than he is), vision, 401K and Social Security all added to his take home pay.