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What are the Costs of Disability Insurance? Ringgold GA

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.

Sam Evans, MBA, CFA
4989 Peachtree Parkway
Norcross, GA
Investment Advisor Rep: Yes
Registered Investor: Yes
MBA - Financial Services; Lipscomb University; Nashville, TN
Major: Accounting; Lipscomb University
Real Estate Investment Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Wealth Engineering,Asset Protection Strategies & Planning,Pension for Highly Compensated Owners,Fee-Only Comprehensive Financial Planning,Stock Market Alternative,Wealth Management,Medicaid,Alternative Asset Class Planning,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Portfolio Engineering,Mortgage Refinancing,Hourly Financial Planning Engagements,IRA,

Data Provided by:
Noah Reichert
2450 Atlanta Hwy
Cumming, GA
Company: North Georgia Investment Planning LLC
Georgia State University/BS PUblic and Urban Affairs
Georgia State University/MBA in Finance
Years Experience
Years Experience: 5
Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Estate Tax Planning,Asset Protection Strategies & Planning,Fee-Only Comprehensive Financial Planning,401k Rollover From Employer,Wealth Management,Disability Insurance,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Accumulation Planning,Individual Income Tax Planning,Pension for Highly Compensated

Data Provided by:
Grace Health Care of Tucker
(770) 934-3172
2165 Idlewood Road
Tucker, GA
Benefit Advisors Incorporated
(404) 250-0799
5265 S Trimble Rd Ne
Atlanta, GA
(678) 478-7188
1820 The Exchange
Atlanta, GA
Harold Lundy
1091 Ashland Drive
Statham, GA
Company: Lundy Insurance Group, Inc.
Pension for Highly Compensated Owners,Stock Market Alternative,Alternative Investments,Disability Insurance,Annuities,Annuity Ideas & Strategy Planning,Asset Protection Strategies & Planning,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Medicaid,Life Insurance,Long-Term Health Care Planning,Retirement Income Accumulation Planning,401k Rollover From Employer,Income for Life/ Preserve Principal,Medicare Planning,Health Care Insurance,Retirement Planning,Retirement Income Distribution Planning

Data Provided by:
413 Insurance Services, LLC
(770) 965-6221
5634 Atlanta Hwy Ste. 1000
Flowery Branch, GA
Kaiser Permanente
(404) 364-4998
200 Cresent Centre Pkwy.
Tucker, GA
Blue Cross Blue Shield of Georgia
(404) 923-3164
3350 Peachtree Road
Atlanta, GA
Prices and/or Promotions

America's Business Benefit Association
(770) 331-7793
2300 Lakeview Parkway
Alpharetta, GA
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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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