Articles Editor's Blog Reader Mail

What are the Costs of Disability Insurance? Corbin KY

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.

Erich Castillo
1008 South Broadway
Lexington, KY
Company
Company: Cornerstone Wealth Management
Type
Investment Advisor Rep: Yes
Education
University of Kentucky
Bachelor of Arts in Education
Bachelor of Business Administration
Service
Disability Insurance,Retirement Planning,Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Insurance & Risk Management Planning,Retirement Income Accumulation Planning,Business Income Tax Planning,Fee-Only Comprehensive Financial Planning,Fee Only Portfolio Management,Wealth Engineering,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Medicaid,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Business Succession & Liquidatio

Data Provided by:
Morguelan Insurance Services, LLC
(502) 409-5900
4350 Brownsboro Rd Ste 110
Louisville, KY
 
Baby Boomers Insurance LLC
(502) 262-6859
7900 Ridgehurst Place
louisville, KY
 
Nimco, Inc.
(800) 962-6662
102 Hwy 81 North
Calhoun, KY
 
Vegoutforlife
(502) 333-0928
6806 Wynde Mano Drive
louisville, KY
 
Chris Risher
9900 Corporate Campus Dr
Louisville, KY
Company
Company: C Risher Financial, LLC
Type
Investment Advisor Rep: Yes
Registered Investor: Yes
Education
BBA
Years Experience
Years Experience: 10
Service
Wealth Engineering,401k Rollover From Employer,Income for Life/ Preserve Principal,Alternative Investments,Life Insurance,Investment & Portfolio Management,Investment Consulting & Allocation Design,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Fee-Only Comprehensive Financial Planning,Portfolio Engineering,Pension for Highly Compensated Owners,Stock Market Alternative,Wealth Management,Health Care Insurance,Retirement Planning,Long-Term Hea

Data Provided by:
Old Kentucky Insurance, Inc.
(502) 451-8800
3099 Breckenridge Lane
Louisville, KY
 
Shepherd Retirement Services, LLC
(502) 245-2484
10607 Bracken Branch Court
Louisville, KY
Prices and/or Promotions
Short Term Health For Self Employed

Kentuckiana Pain Specialists
(502) 995-4004
2831 S. Hurstboune Pkwy
Louisville , KY
 
Silver Cafe Insurance LLC
(502) 491-7267
7900 Ridgehurst Place
Louisville, KY
Prices and/or Promotions
Medicare Supplements and Medicare Advantage Plans

Data Provided by:

What are the Costs of Disability Insurance?

Provided By: 

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 ...

Click here to read the rest of this article from Insurance Guide 101

About Us | Contact Us | Link to Us | Privacy Policy | Terms of Use | Insurance Resources | Sitemap