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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.