Insurance Cost

How Much Does Disability Insurance Cost?

Disability insurance is priced according to several factors. The price will be according to the elimination period, benefit period, age, occupational class, and benefit amount. Your plan can be as inexpensive, or as expensive as you want it to be based on the type of plan you choose. As a rule of thumb, you could expect to pay between 1-3% of your annual income for a quality disability insurance plan. We look at it this way:

If you were offered two identical jobs, one paid you $100,000 a year while you worked, but nothing if you were ever sick or hurt. One paid you $98,000 a year, and 60% of your income tax free if you were ever sick or hurt until you reached the age of 65 or recovered, which would you take?

Disability insurance, in our opinion, is one of the most vital pieces of your financial plan. If you have not secured a solid income protection plan through disability insurance, your entire financial future is a ticking time bomb. Odds are if you are reading this page you are no longer 18 years old and invincible, find out exactly what a solid disability insurance contract costs by requesting a disability insurance quote now.