I don't think you're quite wealthy enough to self-insure. I've always seen voluntary health insurance to cover catastrophic stuff. That still happens to people of your age and health level . I had perfect health and then one day I didn't.Other information which might be relevant
No health insurance - have looked into it a few times but have chosen to pay as we go with savings thus far. No health issues thankfully right now.
Do you have an appetite to get involved in property investment. Its not just or even primarily a dry numbers based decision. If you do I suggest that there is no better investment. That is just a personal opinion.Great, we will get health insurance
We are setting up AVCs too currently
Any thoughts regarding the 130k on deposit?
Cash: €130,000 - deposit accounts
2x investments we pay 1400 monthly into - currently value of about 60k
Any thoughts regarding the 130k on deposit?
The standard death in service benefit in the public sector is a minimum of one time salary up to the tax free lump sum that would be paid based on years service. Plus 50% of the pension that would have been paid if you lived to retirement. I know there are public bodies that pay more than this.Number and age of children:
7
3
1
Good death in service benefits with our jobs
Annual gross income: 94k Public Sector + approx 5 net average private practice
Annual gross income of spouse: 64k Public sector
Family home worth approx: 600k
Cash: €130,000 - deposit accounts
2x investments we pay 1400 monthly into - currently value of about 60k
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