Disability Insurance Premium Payments
May 11, 2015
Jamie Fleischner

Jamie Fleischner

11 May, 2015

When you purchase an individual disability insurance policy, you may choose to pay your premium monthly, quarterly, semi annually or annually.

If you choose one mode, you may change it in the future. Most companies offer discounts if you pay annually. If you pay monthly, most companies require that you set up a monthly bank draft. Some companies will allow you to draft for quarterly, semi-annual or annual modes.

Typically, quarterly and semi-annual payment modes are the most expensive. Therefore, it may make the most financial sense to pay monthly or annually to save.

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Getting the right disability insurance can be downright confusing. At Set For Life, we’ll help you understand the options and work with you to select just the right product for you and your family. These articles will help you understand some of the complexities involved, but we’re happy to walk you through it! If you’re ready to get set, reach out for a quote today!