Several key factors influence the cost of disability insurance:

Age: Premiums typically increase as you get older

Occupation: Higher-risk jobs often result in higher premiums

Health: Pre-existing conditions may affect rates

Benefit amount: Higher monthly benefits increase costs

Benefit period: Longer coverage periods result in higher premiums

Elimination period: Shorter waiting periods increase costs

Policy features: Additional riders can affect premiums

Average Monthly Premiums

Based on recent data, here’s what you can expect to pay for disability insurance:

• General range: 1% to 4% of your annual income
• Typical cost: $25 to $500 per month

Sample Plan Costs

Let’s look at some specific examples:Guardian

• Early 30s, male, healthy: $160/month for $5,000/month benefit
• Mid-30s, male, surgical specialty: $185/month for $5,000/month benefit

MassMutual

• Late 20s, female, psychiatry: $150/month for $5,000/month benefit
• Attending physician: $210/month for $7,500/month benefit

Principal

• 37-year-old male, healthy: $237/month for $8,515/month benefit

What’s Typically Covered

Most disability insurance plans include:

• Monthly benefit payments if you’re unable to work due to illness or injury
• Own-occupation coverage for your specific medical specialty
• Partial disability benefits

How to Use Our Cost Calculator

Enter Your Details: Share basic information, such as income, coverage needs, and location.

Compare Quotes: Instantly view a side-by-side comparison of quotes from top providers.

Select a Plan: Choose the plan that fits your financial goals and income protection needs.

Get Covered: Complete the process online or contact our experts for assistance.