Major Items That Affect Disability Insurance Premiums
If you buy your own policy, either as an individual or through a professional society group policy, your premiums will be reflect your occupation, age, sex, and the amount of income you wish to protect with insurance. People in risky occupations will have higher premiums than those doing office work.
The length of the waiting period will also affect premium costs: selecting a longer waiting period reduces the cost. If you have resources that you can tap in the early weeks of a disability, using a longer waiting period is a good way …Read More