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What are the Costs of Disability Insurance? Derby KS

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.

Shelter Insurance
(913) 837-2289
107 S Broadway St
Louisburg, KS
 
Adkins, Jim - State Farm Insurance Agent
(913) 294-5351
19 South Pearl St
Paola, KS
 
Gliem & Giddings
(913) 557-9402
2 S Silver St
Paola, KS
 
Farm Bureau Financial Service
(913) 294-2737
11 S Pearl St
Paola, KS
 
Personal
001-785-395-5516
1541,International Court
Manhattan, KS
 
Bauer Betty
(913) 837-2289
PO Box 250
Louisburg, KS
 
Allstate Specialty Construction Inc
(913) 783-4874
25606 Old Kc Rd Ste H
Paola, KS
 
American Family Insurance - Jeff Sears Agency
(913) 837-3313
901 W Amity St Ste A
Louisburg, KS
 
Barb Spencer Agency
(913) 440-0426
105 E Amity St Ste 7
Louisburg, KS
 
Jerry Jones, J.D., CFP(R)
(316) 262-5015
400 N. Woodlawn, Suite 16A
Wichita, KS
 

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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