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What are the Costs of Disability Insurance? Evergreen CO

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.

KAISER PERMANENTE- KEN CARYL
(303) 338-4545
7600 Shaffer Parkway
Littleton, CO
 
Brown & Brown Insurance of Colorado
(720) 963-4244
7110 W. Jefferson Ave., Suite 100
Denver , CO
 
Associated Agents
(303) 238-7341
1970 Kipling Street
Lakewood , CO
 
West Denver Dentist
(720) 763-9070
7575 West 20th Avenue
Lakewood, CO
 
LIFEHEALTH
(303) 730-1902
5554 S. Prince St. #131
Littleton, CO
 
KAISER PERMANENTE - WADSWORTH, LITTLETON
(303) 972-4500
5257 S. Wadsworth Blvd
Littleton, CO
 
Colorado Health and Life
(303) 997-7189
9242 W Louisiana Avenue
Lakewood , CO
 
Strategic Alliance Financial Group
(303) 870-9142
494 Sheridan Blvd., Suite B-206
Denver , CO
 
Carver & Associates
(303) 420-1637
7710 Ralston Rd.
Arvada , CO
 
Wealth Strategies Group Guardian Life
(720) 334-7115
13545 W 67th Place
Arvada , CO
 

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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