What Is The Average Disability Insurance Cost?

1. 

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   Tim Wilhoit

   Owner, Your Friend 4 Life, Brentwood TN

   This is a difficult question for an average answer. There are just too many moving parts with underwriting and pricing disability coverage. It depends on age, build, occupation, income, life style, health status, elimination and benefit periods just to name a few. Having said that you can plan on spending 1% to 3% of your annual income to a long term disability plan to protect your most valuable asset, your ability to earn a living.

   Answered on October 2, 2014

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2. 

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   Joe 'Gravy' Graves

   Owner, I Hate Buying Insurance, Nashville TN

   Tim is right... I second everything he says. Allow me to add... Along with disability insurance, consider Critical Illness and Living Benefits life insurance. You should have a complete portfolio of protection. Don't rely on JUST disability insurance. Although a cornerstone plan, there are many moving parts and possible income shortfalls with DI. Have questions, reach out. - gravy

   Answered on May 6, 2016

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