Articles Editor's Blog Reader Mail

What are the Costs of Disability Insurance? Manhattan 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.

Morris And Associates
(913) 294-2111
205 S Pearl St
Paola, KS
 
Allstate Specialty Construction Inc
(913) 783-4874
25606 Old Kc Rd Ste H
Paola, KS
 
Brooks/Taylor and Associates LLC
(913) 940-4870
Olathe, KS
 
Jerry Jones, J.D., CFP(R)
(316) 262-5015
400 N. Woodlawn, Suite 16A
Wichita, KS
 
American General Insurance
(913) 755-4985
101 E Pacific Ave
Osawatomie, KS
 
Elliott Insurance Group
(913) 294-2110
205 S Pearl St
Paola, KS
 
Farmers Insurance Group
(913) 755-6907
528 Main Osawatomie
Osawatomie, KS
 
Best Benefits 4 You
(816) 590-0710
13214 W 107th Ter
Lenexa, KS
 
Shelter Insurance
(913) 837-2289
107 S Broadway St
Louisburg, KS
 
Dynasty Financial Group
(913) 837-8439
1007a W Amity St
Louisburg, KS
 

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