If you’re in great health then it’s straightforward, you can buy your own policies. But if you’re in your 40s or 50s, the premiums can be tasty enough.Let’s say you’re a 45-year-old actuary and the new gig offers a base salary of €100k but only offers sick pay for the first 13 weeks, then you’re on your own sonny.You have some savings so you feel you could get through 13 weeks without an income so I recommend the following policyQuote Type: Income ProtectionFirst Person: Non-Smoker, born on 15/04/1976Cover Amount: €64,444 per year until age 65.Occupation Class: Actuary (Class 1)Deferred Period: 26 weeksMonthly Premium: €185After tax relief: €112In your previous job, you have 4 times death in service and you want to replicate that cover:Quote Type: Life InsuranceFirst Person: Non-Smoker, born on 15/04/1976Cover Amount: €400,000 paying monthly, over 25 years.Conversion Option: YesMonthly Premium: €60That’s a net premium of €2160 per month so something to definitely take into account before you hit send on that “LATERS LOSERS” email.