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What are the Costs of Disability Insurance? Magna UT

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.

Holladay Orthodontics
(801) 278-7272
2080 Murray Holladay Road
Salt Lake City, UT
 
Employee Benefit Plans, Inc
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704 West 580 South
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Mountain Crest Dental Care
(801) 225-2640
344 West 920 North
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(801) 765-9400
1958 South 950 East Provo,Utah -United States
Provo, UT
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Monarch Dental
(801) 225-3300
575 E. University Pkwy
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Abacus Health Insurance Salt Lake City
(801) 386-7686
1149 South 1800 East
Salt Lake City, UT
 
Abacus Health Insurance Salt Lake City
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1149 South 1800 East
Salt Lake City, UT
 
Holladay Orthodontics
(801) 278-7272
2080 Murray Holladay Road
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Young Family Dental
(801) 224-0222
1834 South State Street
Orem, UT
 
Russell Mike Ins
(801) 282-6900
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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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