Sole earner with a desire to build a house

  • Erstellt am 2019-12-18 09:37:41

Joedreck

2019-12-25 13:25:16
  • #1


Both times it was not necessary.
With the colleague who is a civil servant, everything is a bit different anyway. Especially in the police service. He recovered after a longer period.

With the other person who has a herniated disc, it is still in an early stage. Cortisone is being injected and so he is just managing. He even just changed employers and is in the probationary period. But still without a family.

I only mentioned the examples because I wanted to show that these are not distant problems that do not personally affect you.
These are quite real scenarios that can destroy the financial foundation of the family in the event of occupational disability. For me, it is simply a duty to insure one’s own ability to work.
 

Joedreck

2019-12-25 13:31:40
  • #2

For me, it’s about a specific period. Namely the one when the woman usually earns little to nothing and the children are small. If you become unable to work then, it’s useless if you avoid personal bankruptcy. Because the entire family’s income then drops massively. Many will definitely end up at Hartz IV level.
And believe me, going from full throttle earning to practically zero burdens you, because the accustomed lifestyle will decline drastically.
Just look at the income distribution here. Then 1300€ remain from the woman and very, very little from you. Try explaining that to the family.
I stand by it: not insuring one’s own income in housebuilding with a family is negligent and irresponsible.
 

guckuck2

2019-12-25 13:38:56
  • #3

Quite a valid approach. Contributions also decrease significantly if you don’t insure until retirement as recommended, but for example only for 20 years. That’s how we did it for our RLVs as well

To my knowledge, the BU principle exists virtually only in Germany. Beyond that, only DD is known. Is the whole world irresponsible now?
Has no insurance company noticed this market gap yet?
 

Tassimat

2019-12-25 14:13:00
  • #4


What is there to explain to the family? I think every family decides together who works, possibly stays at home, and which insurances they afford.

But anyway, if the man becomes unable to work, the woman has to quickly return to full-time and gets tax class 3. Let’s say that amounts to €2500 (€1300 in the example above would be below minimum wage for 40 hours in class 3!!). Then there’s the reduced earning capacity pension, and you get by. If there is no pension yet, the man is fit enough for a side job. Of course, this means massive income losses, and then you simply don’t go on vacation anymore, but it’s still far from a broken family. Note that even with a disability insurance that pays out, you still have to accept significant restrictions.

It only becomes problematic if the woman has no decent vocational training, degree, or whatever and cannot find a job. Or if one refuses to accept that the standard of living will be lower. In these cases, you just have to let go of the house. In all cases, a serious test of a marriage.
 

Farilo

2019-12-25 14:35:02
  • #5
For me, as already said, the most important thing is to build financially realistically. If that is not feasible for most people today, then so be it.

If I then additionally have, for a fair rate, e.g., a disability insurance that also covers all types of cancer and the policy is set up in such a way that it pays out even if you are still alive, then that can absolutely make sense.

But, try to find such an insurance/policy and have the guarantee that you don't have to drag them to court, etc... At least I don't simply trust any insurer.
 

lastdrop

2019-12-25 17:51:40
  • #6
Disability insurance only with legal protection (with another insurance company!).
 

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