Guardian Disability Insurance Brokerage

Common Questions

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, optional riders, premium structure, occupational class, gender, state, health, amount and type of coverage, and benefit amount. As a rule of thumb, you could expect to pay between 1-3% of your annual income for a quality disability insurance plan. The price could end up being more or less than 1-3%, but on average in our agency we strive to structure a policy that fits into this cost. We look at it this way:

If you were offered two identical jobs, one paid you $150,000 a year while you worked, but nothing if you were ever sick or hurt. One paid you $147,000 a year, and 60% of your income tax free if you were ever disabled until you reached the age of 65 or recovered, which would you take? If you would take the second option, then you understand the value of individual disability insurance.

Disability insurance 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 may be in jeopardy. Odds are if you are reading this page you are no longer eighteen years old and invincible. Find out exactly what a solid disability insurance contract costs by requesting a disability insurance quote now.

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