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I am looking for advice and recommendations on purchasing
disability insurance. It seems like a good thing. How
do most people determine their need? What companies,
agents, or plans would you recommend? What should I be
We looked at disability insurance for my husband because
his inability to work would be a financial disaster for
our family. Unfortunately, what we found is that disability
insurance is *very* expensive. We got a quote for nearly
$300 a month for it from an insurance broker named Ted
Lum in Walnut Creek. He was one of the few brokers who
could quote it to us. IEEE also has disability insurance,
and it's quite a bargain relatively speaking. You do have
to join the IEEE, which is a professional organization for
engineers. That costs $75 and you have to fill out a qualifying
application. IEEE has an REALLY good deal on life insurance
My husband is looking for disability insurance. He's an R.N. and is
self-employed as a health care software consultant. Our search for info has
been pretty frustrating. Anyone know of an appropriate professional group he
could join in order to get a decent individual policy at a decent group
Any other ideas?
I can't offer too much advice on disability insurance, though we had a
good friend who is an insurance agent look into it and the bottom line
was that it was just too costly. I can't remember the exact rate, but
it was approximately $60 per month per $1,000 of coverage. So if you
wanted coverage that would pay $5,000 per month if your husband became
disabled it would cost you $300 per month. Any full service insurance
broker can run the numbers for you. If anyone has found something more
reasonable - Id like to hear about it too!
this page was last updated: Feb 21, 2005
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