When To Get Disability Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    You should get Disability Insurance as soon as you have a job that you depend on for living expenses. If you were to lose your job due to a disability, it could be a year before you qualify for Social Security Disability, and that payment will not be as high as what you can get through a private DI policy. Disability Insurance will pay more and sooner than SSDI, and will pay a benefit for both temporary and permanent disabilities.
    Answered on October 17, 2013
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  2. 2180 POINTS
    Kelly Moser
    Social Media Strategist, Disability Insurance Services, California
    Along with what Peggy said, it's important to note that you're never too young to purchase disability insurance.  It's common for workers to think that they won't get cancer or sick until they're older, but considering 90 percent of disabilities are caused by sickness --not an injury--you can't just assume sickness only strikes the elderly.  Cancer, mental nervous, broken legs, car accidents, etc. can happen to anyone.  Don't wait.
    Answered on November 8, 2013
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  3. 11783 POINTS
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    Larry GilmorePRO
    Agent Owner, Gilmore Insurance Services, Marysville, Washington State
    when should you get disability insurance? Honestly? As soon as you can, even before starting work in some professions. Many disability carriers offer policies to young beginning professionals before they start work. A person could set up a plan that takes advantage of their good health (great price) and also sets up for future increases without medical underwriting and creating an individual policy "before" going on a group plan allows a person to insure 100% or more of their income. With student loans being what they are, making sure you can cover your loans in case of a disability makes great sense.
    Answered on November 17, 2013
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