COST OF DISABILITY INCOME INSURANCE
Q: How much does disability income insurance cost?
A: The price depends primarily on your occupation (office work vs. physical work), your income and your age. For most people, the price of this insurance is a small fraction of the price of major medical insurance; typically 2% to 3% of income (as compared to 10%+ of income for major medical insurance). For example, assume a thirty-something in some office position making $40,000 per year. The cost of disability income insurance coverage might be about $70 per month.