This is a special post for quick takes by Mattheww🔸. Only they can create top-level comments. Comments here also appear on the Quick Takes page and All Posts page.
You might die. If you did, would your money go to your feelings-over-facts relative who thinks a Humane Society is the same thing as the Humane League? Would this be in accordance with your values?
The SSA’s Life Tables tell us that if you are 25, you have an annualized chance of death of 1.8 in 1,000. I don’t know how much money you have, but let’s be generous and say you have $100k.
0.0018 (annual chance of death) / 12 = 0.00015 monthly
0.00015*$100,000 = $15/month
Would you bother to cancel a subscription that charged you $15 per month? What if you knew you’d have to cancel it eventually and that it would become more expensive every day you lived?
I've wondered about this, so thank you for thinking this up and calculating! Considering how I did about as much work this past week to get a $3 monthly subscription cancelled, this is kind of genius.
I think this post's argument assumes your $100k is lost by default if you don't have a will, but on a quick GPT-5 query it looks like in the UK it goes to your spouse, parents, siblings or siblings' children, and in California something similar. Assuming you're survived by a spouse or these family members and you're happy with your assets going to them then it seems like it's not the same as cancelling a $15/mo subscription. (But plausibly still worth it, I think it just needs a bit more explanation!)
Yes good point. Was thinking of this as "how many potential QUALYs would be lost if your money went to your not-so-EA relatives". But yes, if you think they would spend the money wisely then this makes sense.
Why you, as a 25 y/o should write a Will
You might die. If you did, would your money go to your feelings-over-facts relative who thinks a Humane Society is the same thing as the Humane League? Would this be in accordance with your values?
The SSA’s Life Tables tell us that if you are 25, you have an annualized chance of death of 1.8 in 1,000. I don’t know how much money you have, but let’s be generous and say you have $100k.
0.0018 (annual chance of death) / 12 = 0.00015 monthly
0.00015*$100,000 = $15/month
Would you bother to cancel a subscription that charged you $15 per month? What if you knew you’d have to cancel it eventually and that it would become more expensive every day you lived?
My lawyer says it can be as easy as filling in his template. Could this be worth 30 minutes?
I've wondered about this, so thank you for thinking this up and calculating! Considering how I did about as much work this past week to get a $3 monthly subscription cancelled, this is kind of genius.
I think this post's argument assumes your $100k is lost by default if you don't have a will, but on a quick GPT-5 query it looks like in the UK it goes to your spouse, parents, siblings or siblings' children, and in California something similar. Assuming you're survived by a spouse or these family members and you're happy with your assets going to them then it seems like it's not the same as cancelling a $15/mo subscription. (But plausibly still worth it, I think it just needs a bit more explanation!)
Yes good point. Was thinking of this as "how many potential QUALYs would be lost if your money went to your not-so-EA relatives". But yes, if you think they would spend the money wisely then this makes sense.