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Disability income insurance can cost between $50 and $5,000 per month. Yes...that is a ridiculously big range. But there are so many variables that determine the rate, I should cover all bases.
A full-time broker/agent can quickly ask you a few questions and determine the best plans for the most affordable price.
Recruiter/Manager, Cole Insurance Investments, Charlotte N.C.
Disability insurance is very affordable compared to it protects your family from disaster if the head of the house hold should lose the ability to perform their duties at work or in their business it could cause domino effects to the family budget that could take many years to get back even if ever but it is fairly cheap and you have many options.If I can help let me know see my profile or view my website. Take Care
Just like most insurance there are a lot of factors that go into calculating disability insurance. The underwriters are going to want to know your age, build, health status, tobacco use, life style and state of residence. Then they want to know your occupation, income, net worth and time on the job. There are 5 rating systems just on occupation alone. A "white collar" worker will get a much better rating than a "blue collar" worker. I highly suggest using an experienced independent broker to help you maneuver through the different policies and companies. In almost all cases our advice is free.
Your best bet is to speak with a qualified agent who can assess your needs and walk you through the alternatives. Disability insurance is a complex topic. In addition to the factors cited in the first answer, your premium rates may also depend upon the monthly benefit amount, elimination period, and payment duration choices.
An agent can help you determine what policy configuration best fits your budget.
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A full-time broker/agent can quickly ask you a few questions and determine the best plans for the most affordable price.
An agent can help you determine what policy configuration best fits your budget.