By: Sheryl Brown

Sheryl Brown — Mon, 02 Sep 2013 13:46:18 +0000

Another way to think about this question is, "How much would a disabling event cost you without coverage?" Considering Brandon's well-thought out response to you, also thinking about the question from the darker side makes many of us uneasy inside though. [I don't like to think something like that can happen, but it does.] From personal experience, I can tell you that disability insurance and critical illness insurance has a very real place in anyone's planning who has a paycheck and depends on that paycheck for their living. Period. I am now 42 years old and at the age of 27 I delivered a very healthy baby girl - went home from the hospital after 4 days like normal and on the 5th day had a pulmonary embolism that locked up both of my lungs almost to the point of death. So instead of being gone from my job for 8 weeks on maternity leave, I was gone for almost 5 months. Without my DI and CI policies, it would have been a financially crippling event for my family. It was not expected - but it unfortunately happened. Brandon shared some very realistic numbers here for consideration. I applaud anyone looking into these ancillary policies to protect their planning. Sheryl Brown / @AshBrokerage

By: Brandon Roberts

Brandon Roberts — Sat, 31 Aug 2013 15:39:49 +0000

As a very general rule of thumb individual disability insurance generally costs around 3% of your gross income. This number assumes someone around their 30's purchasing average coverage. Older individuals or those seeking more comprehensive coverage may end up paying more (typically up to 6% of gross income).

New answer on: How Much Could Disability Insurance Cost?

By: Sheryl Brown

By: Brandon Roberts