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What are the Costs of Disability Insurance? Hillsboro OR

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.

Fred King, CFP
The H Group, Inc.
Portland, OR
Company
Company: Fee-Only Financial Planner ("No Commissions")
Type
Registered Investor: Yes
Education
Oregon State University
B.S., Business
Years Experience
Years Experience: 6
Service
Wealth Engineering,Income for Life/ Preserve Principal,Medicare Planning,Investment & Portfolio Management,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Fee-Only Comprehensive Financial Planning,Portfolio Engineering,IRA, 401k, Roth IRA, QDRO Rollovers,Alternative Investments,Retirement Planning,Long-Term Health Care Planning,Business Succession & Liquidation Planning,Estate Tax Pl

Data Provided by:
Pacific Benefits Group
(503) 334-8228
1915 NW Amberglen Pkwy
Beaverton, OR
 
Adam Klein Insurance
(503) 475-7536
18215 SW Longace St
Beaverton, OR
 
Portland Laser & Surgery Center
(503) 446-5300
9427 SW Barnes Road, Suite 394
Portland, OR
 
American Family Insurance Regional Office
(503) 968-5800
12909 SW 68th Parkway
Portland, OR
 
Jeff Vass
510 SW 5th Ave
Portland, OR
Company
Title: LPL Financial Advisor
Company: Meridian Financial Group
Type
Investment Advisor Rep: Yes
Service
401k Rollover From Employer,CD Alternative,Disability Insurance,Annuities,Long-Term Health Care Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Stock Market Alternative,Alternative Investments,Life Insurance,Investment & Portfolio Management,Insurance & Risk Management Planning,Retirement Income Accumulation Planning,IRA, 401k, Roth IRA, QDRO Rollovers,Wealth Management,Health Care Insurance,Retirement Planning,Business Succession & Liquidation Planning,Retirement Income Dist

Data Provided by:
Behind the Smile Dentistry for Children
(503) 715-0691
2380 NW Amberbrook Dr
Hillsboro, OR
 
4Ligo
(866) 663-1828
16055 SW Walker Rd Suite 443
Portland, OR
 
Alliance Affordable Health Insurance
(503) 244-7880
10220 Sw Greenburg Rd
Portland, OR
 
Benefit Design Group
(503) 639-3231
17152 Sw Upper Boones Ferry Rd
Portland, OR
 
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 ...

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