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What are the Costs of Disability Insurance? Casper WY

Disability insurance can vary widely in cost, you can expect that any policy that gives you a reasonable benefit (50% to 70% of your salary) will also be reasonably expensive.

Hitt Insurance Agency
(307) 856-1480
611 E Washington Ave
Riverton, WY
 
Tegeler & Associates
(307) 362-5655
1125 Pilot Butte Ave
Rock Springs, WY
 
Blue Cross & Blue Shield of Wyoming
(307) 856-4063
205 N 5th St E
Riverton, WY
 
Homestead Insurance Agency Inc
(307) 682-5130
1001 S Douglas Hwy
Gillette, WY
 
Blue Cross & Blue Shield of Wyoming
(307) 682-5001
405 W Boxelder Rd
Gillette, WY
 
North Wyoming Insurance Inc
(307) 684-2535
98 S Main St
Buffalo, WY
 
Tegeler & Associates
(307) 332-7610
194 N 7th St
Lander, WY
 
Blue Cross & Blue Shield of Wyoming
(307) 745-5386
410 E Grand Ave
Laramie, WY
 
Farmers Insurance Group
(307) 856-4439
113 S 2nd St E
Riverton, WY
 
Tegeler & Associates
(307) 673-1313
267 N Main St
Sheridan, WY
 

What are the Costs of Disability Insurance?

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Disability Insurance Cost

Disability insurance can vary widely in cost, depending on the kind of benefit you are looking to receive. However, you can expect that any policy that gives you a reasonable benefit (50% to 70% of your salary) will also be reasonably expensive. Keep in mind that most financial planners state that you should have between 50% to 70% of your salary in disability benefit's in order to ensure that you can survive your health crisis financially. Also, keep in mind that ideally you will have paid the premiums yourself, so that the benefit you receive is tax-free. If your employer is paying for your long-term disability insurance , your benefit should be higher because you will pay income tax on it.

So, when thinking about premiums you do have to keep in mind what will happen when you are in the position to collect benefit's.

In general, premiums will be based on your age, sex, occupation and the amount of income you are trying to protect. If you have a low risk job, you can expect a lower premium. However, if you are trying to protect a large salary, your premiums can be quite expensive.

In general, the less likely that you will be hurt on the job, the lower your premium will be. So, if you wash windows on skyscrapers, your insurance is likely to be expensive. Most white-collar workers will get a break as a result. A computer programmer working in an office will likely have lower disability premiums than a construction worker, even if the ...

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