Disability Insurance (DI) – Cost
By Insurance Suffolk Brokerage
Like life and long term care coverage, DI applicants are individually rated by insurance companies. These companies take many factors into consideration to determine individual DI premiums including:
- – Pre existing conditions
- – Your age and gender
- – Your occupation
- – Your documented monthly income
- – Desired waiting period (the time between your disability and when you start to receive benefits)
- – Benefit period (the amount time you will be paid benefits after being placed on disability (e.g. 5 years, 10 years, to age 65)
- – Optional inflation rider (your monthly benefit amount increases every year to account for inflation)
If you have any questions about DI coverage, calculating your benefit needs or desire a quote, call us anytime. We’ll be happy to assist you. |
