Preferred Financial Group

"We listen, we educate, then we perform like no one else in the industry."

Frequently Asked Questions


"How Much Will Disability Insurance Cost Me?"


Answer: Your premium will depend on a number of variables some of which are optional, as indicated below: 

  • Type of policy selected:
    • Short-Term Disability Insurance
    • Long-Term Disability Insurance
  • Type of disability covered:Waiting period—This can range from 0 days to a year
    • Accident Only
    • Accident & Sickness
  • Benefit amount—This can range from $500 to $5,000 per month for Short-Term policies and up to $20,000 per month for Long-Term policies.
  • Benefit period—This can range from two years to the rest of your life
  • Age at purchase— Premiums are based in part on your age at time of purchase
  • Occupation—Occupational risks can be a significant factor in a premium calculation
  • Medical Underwriting—If you are deemed to be a medical risk at time of purchase, you can expect to pay a higher premium.

For instance, a healthy 35 year old accountant who wants a monthly disability benefit of $2,500, with a one month waiting period and a three year benefit period would pay $200 a month. If he were to choose a six month waiting period rather than one month, his premium would decrease from $200 to $150 per month…..(Please note: You will find a variety of different options, including premiums, in our “Comparison” section).