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Frequently asked questions

Why is disability insurance important?


Your ability to earn a living is your most important asset. And one of the best ways to protect it is with disability insurance. Think of it as insurance for your paycheck. Disability insurance provides you with a percentage of your income if an illness or injury prevents you from working and earning a living. You don’t hesitate to insure your home, car, and phone, so why wouldn’t you also protect what pays for all those things—your paycheck.




Do I need disability insurance if I work?


Disability insurance is something anyone who works and has earnings should consider. That’s because one in four people today will become disabled¹ and potentially face financial hardship at some point during his or her working life. Disability insurance income helps cover expenses if you can’t work because of an illness or injury. There are disability insurance policies tailored to workers in specific professions as well as disability insurance for self-employed individuals.




How much disability insurance do I need?


You can calculate how much disability insurance you need by adding up your monthly expenses. Then add up how much disability insurance you already have as well as any personal savings you could draw on if you couldn’t work. If that number is less than your monthly expenses, consider buying more disability insurance. You can also use our Disability Insurance Needs Calculator to get an idea of how much you would need if an injury or illness prevented you from working.




Our service is FREE, so how do we make Money?


Like traditional brokers, we make money when we help people find a policy. Prices are regulated by the state so whether you buy from us or the insurance company, you pay the exact same price for a given policy. Our reputation is important, so we work hard to find the policy that's best for you.




Top 10 Causes of Disabilities


1. Arthritis and other musculoskeletal problems 2. Heart disease 3. Lung or respiratory problems 4. Mental illness, including depression 5. Diabetes 6. Stroke 7. Cancer 8. Nervous system disorders 9. Injuries sustained in accidents 10. Pregnancy




What are my chances of becoming disabled


1 and 4 will become disabled during there working years. 90% of disabilities are caused by illness vs. accidents





Click on the link below to calculate your needs

Scroll through the available disability products below

Individual Disability

An individual disability policy pays a percentage of the insured’s needs based on policy guidelines if they are sick or hurt and unable to work.  Individual disability plans (IDI) can be customized based on the client’s needs.
  • Amount the policy will pay (not in excess of 60% of the insured’s pre-tax income).

  • Waiting period (elimination period) How long the insured will need to be disabled prior to receiving payment.

  • Benefit period (how long the insured will receive payments if they are continuously disabled).

  • Definition of Disability (How the insurer defines the insured’s inability to work such as own-occupation, modified own occupation of any occupation).

  • Renewal provisions of the policy (non-cancellable or guaranteed renewable)

  • Riders (additional features such as cost of living adjustment, residual disability payments or future purchase options)

TO SCHEDULE A call, PLEASE CLICK ON THE LINK BELOW.

 How  much does

  Disability Insurance cost?

An individual disability policy pays a percentage of the insured’s income based on policy guidelines if they are sick or hurt and unable to work, but the exact cost will depend on several factors about the applicant and the policy chosen.
Applicant factors:
  • Age – The older you are, the more expensive your policy.

  • Gender – Women make more disability claims and therefore pay more for policies.

  • Smoking history – Smokers or recent smokers will have more expensive policies.

  • State of residence – Residents of states with a higher number of disability claims will pay more for policies.

  • Occupation class – Depending on elements of your job (including manual duties, travel, and more) you may be classified as having a “riskier” occupation and pay more for your policy

Policy factors:
  • Coverage amountHigher coverage amounts result in higher premiums.

  • Benefit periodLonger benefit periods result in higher premiums. The most cost-effective benefit period is five years, but full coverage extends to age 65.

  • Waiting periodLonger waiting periods result in lower premiums. The most cost-effective waiting period is 90 days.

  • Built-in policy featuresSome features like own occupation coverage may come standard in policies from some carriers and may affect the cost of the policy.

  • RidersAdditional feature that don’t come standard may raise the cost of the policy.

TO SCHEDULE A call, PLEASE CLICK ON THE LINK BELOW.

The HL Group

PO Box 1791 Bellevue,

WA 98009-1791

(425)-209-0012

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