Here's a problem that makes it difficult to answer. I make money off my brain. One way to totally cut off all possible labor income would be a massive stroke. But massive strokes are kinda expensive.
If I don't have a stroke but perma-lose all income (uh, why?), I'm a pretty smart dude and will find ways to live rather cheaply. Can I spend 4 hours a day in my garden and 4 hours a day fishing as long as I don't sell the proceeds for cash? Move the family into mother in law's basement, and go all viking on the wilderness bringing in produce and hunted/fished animals? That might stretch me out quite a bit, like until I have a medical incident or my clothes wear out?
If I do have a stroke, I assure you my uncle-in-law's assisted living facility would drain my savings dry quite a bit quicker at the $8500/month facility he is currently at (actually Alzheimers not stroke, but its the same argument in the end). He will soon be going state aid, then again hes a couple years older than his brothers and sisters who died of unrelated causes, so who knows. But as a young-ish dude my family would go bankrupt in only a couple years, best case perhaps. This is assuming no unpaid medical bills (well, sorry we don't cover that particular thing even through we say we do in writing, and yes that is a valid charge that we do cover but we were hoping to fool you into not noticing and paying that, all stuff the medical industrial complex is famous for).
Worst case I guess would be having a stroke the day after medical insurance expires due to no employement/income stream. Then it would be insta-bankrupcty of course.
Both my parents have had strokes and this is definitely on my mind a lot these days. My mom when she was in her 50's, my dad early 60's. My mom made a near total recovery, fairly incredible given the state she was in at one point.
If I don't have a stroke but perma-lose all income (uh, why?), I'm a pretty smart dude and will find ways to live rather cheaply. Can I spend 4 hours a day in my garden and 4 hours a day fishing as long as I don't sell the proceeds for cash? Move the family into mother in law's basement, and go all viking on the wilderness bringing in produce and hunted/fished animals? That might stretch me out quite a bit, like until I have a medical incident or my clothes wear out?
If I do have a stroke, I assure you my uncle-in-law's assisted living facility would drain my savings dry quite a bit quicker at the $8500/month facility he is currently at (actually Alzheimers not stroke, but its the same argument in the end). He will soon be going state aid, then again hes a couple years older than his brothers and sisters who died of unrelated causes, so who knows. But as a young-ish dude my family would go bankrupt in only a couple years, best case perhaps. This is assuming no unpaid medical bills (well, sorry we don't cover that particular thing even through we say we do in writing, and yes that is a valid charge that we do cover but we were hoping to fool you into not noticing and paying that, all stuff the medical industrial complex is famous for).
Worst case I guess would be having a stroke the day after medical insurance expires due to no employement/income stream. Then it would be insta-bankrupcty of course.