Disclaimer: Rates shown are sample premiums for general comparison only. Actual costs vary by age, occupation, income, health, benefit amount, waiting period, policy terms and insurer
What Can Affect Disability Insurance Costs?
Occupation
Jobs with greater physical or injury risk can cost more to insure.
age
Premiums generally increase as the applicant gets older.
Health
Medical history and current health can affect eligibility and pricing.
Benefit Amount
Higher monthly benefits generally result in higher premiums.
Waiting Period
A shorter waiting period usually increases the policy cost.
Benefit Period
Longer benefit periods generally cost more.
Who May Consider Disability Insurance?
Disability insurance may be worth considering if your income is important to supporting your household and financial obligations.
Common Reasons
Replacing lost income
Protecting mortgage payments
Supporting family expenses
Covering everyday living costs
Supplementing employer coverage
Protecting self-employed income
Maintaining financial stability
Benefits and Things to Consider
Benefits
Helps replace lost income
Individual and group options
Short- and long-term coverage
Can support major household expenses
Useful for employed and self-employed workers
Things to Consider
Policies can have waiting periods
Benefits replace only part of income
Definitions of disability vary
Some conditions may be excluded
Employer coverage may not be portable
Disability Insurance vs. Other Protection
Disability Insurance
Provides income replacement when a covered disability prevents you from working.
