Disability Insurance Quotes

A disability insurance policy pays monthly disability insurance benefits after you meet the elimination period and satisfy the insurer’s definition of disability. Benefits continue through the benefit period while eligibility is maintained. The disability insurance claim process may include medical review, occupational evaluation, and periodic verification of ongoing disability.

Disability insurance coverage applies to illnesses, injuries, or medical conditions that restrict your ability to perform occupational duties. Eligibility is determined through underwriting, disability definitions, and exclusions outlined in your long-term disability insurance plan. Some policies also include provisions for recurrent disabilities or related conditions.

The elimination period is the waiting period before disability insurance benefits begin. Common elimination periods include 30, 60, 90, 180, or 365 days. Your elimination period affects disability insurance premiums and should be selected based on available savings or employer short-term disability insurance.

Benefit periods for long-term disability insurance may span two years, five years, ten years, or extend to retirement age. Longer benefit periods provide stronger income replacement and long-term financial protection. Selecting the appropriate duration depends on your financial needs and risk tolerance.

Disability insurance premiums are based on age, health history, occupation class, benefit amount, benefit period, and elimination period. Insurers also consider riders, coverage structure, and underwriting outcomes. Policies with enhanced disability definitions or stronger income protection features generally have higher premiums.

Many individual disability insurance policies include residual or partial disability benefits. These provisions provide income replacement when reduced work capacity causes lower earnings. Residual benefits help support financial stability as you transition back to full-time responsibilities.

Own-occupation disability insurance pays benefits when you cannot perform the substantial and material duties of your occupation, even if you can work in another capacity. This definition offers enhanced disability income protection for individuals whose earnings rely on specialized skills.

Yes. An individual disability insurance policy can increase income replacement percentages, improve disability definitions, and provide portable disability insurance coverage that remains in force if you change employers. Supplemental disability insurance strengthens long-term protection beyond group plan limitations.

Whether disability insurance benefits are taxable depends on how premiums are paid. Benefits from individually funded policies are generally tax-free, while employer-paid premiums may result in taxable disability income. Understanding taxation helps determine your net income replacement.

Yes. Short-term disability insurance provides income replacement for limited durations, while long-term disability insurance offers extended disability insurance benefits with stronger protection features. Individual disability insurance plans often provide more flexibility in benefit structure and disability definitions.

Underwriting evaluates occupation class, income documentation, medical history, and lifestyle factors to determine eligibility for disability insurance coverage. Underwriting results may influence premium levels, exclusions, or modifications within an individual disability insurance policy.

Yes. Disability insurance benefits may coordinate with employer disability benefits, workers’ compensation, or Social Security Disability Insurance (SSDI). Individual disability income insurance is typically structured to supplement these programs for consistent long-term income replacement.

Common riders include cost-of-living adjustments, residual disability riders, catastrophic disability benefits, and future increase options. These riders strengthen disability insurance coverage by expanding benefit potential, protecting purchasing power, and allowing increases to your disability insurance policy as income rises.

Benefit amounts represent the monthly income replacement available during a qualifying disability. Insurers determine allowable benefit amounts based on income, occupation class, and underwriting results. Higher benefit amounts increase the strength of your disability insurance coverage and support essential financial obligations.

Many individual disability insurance policies are guaranteed renewable, ensuring insurers continue offering disability insurance coverage as long as premiums are paid. Some policies are non-cancelable, guaranteeing premiums and disability benefits will not change. These features enhance long-term security in your disability income insurance plan.

Disability is more common than many people realize. Roughly three in ten Americans will suffer a disability lasting three months or longer before age 65. Nearly one in five Americans will be disabled for one year or more during their working years.

Yes. Studies show that disability is a leading cause of financial hardship. A Harvard study found that over half of all personal bankruptcies and mortgage foreclosures are due to disability. Many households are financially vulnerable and may be only weeks away from serious financial distress if income stops.

A disabling illness or injury can result in more than lost income. Medical bills, home or vehicle modifications, and other unexpected expenses can add significant financial strain. Without income protection, these costs can quickly become overwhelming.

Anyone who depends on their income is a candidate for disability insurance, but particularly working professionals. If your ability to work is essential to maintaining your lifestyle and meeting financial obligations, disability insurance plays a critical role in protecting your future.

There are two main types of coverage: group disability insurance and individual disability insurance. Each serves a different purpose and offers different levels of protection.

Group disability policies are often offered by employers or large practices. These policies typically replace about 60 percent of income, often capped at $10,000 to $15,000 per month. Because group policies must cover everyone in the group, they tend to offer more limited benefits and fewer customization options.

Yes, many professionals choose to supplement group coverage with an individual policy. An individual policy can help close coverage gaps, provide higher benefit amounts, and offer stronger definitions and protections tailored to your profession.

Depending on the insurance company, discounts may be available when two or three individuals from the same employer apply for individual disability insurance policies at the same time.

Set for Life Insurance focuses on helping working professionals protect their future income. We provide customized disability insurance solutions for individuals with complex income structures and career-specific risks.

We work with a wide range of professionals including physicians, doctors, medical residents, CRNAs, dentists, veterinarians, attorneys, business owners, computer scientists, bankers, key executives, and athletes.

Yes. We have extensive experience designing specialty-specific disability insurance policies for the medical and dental community, including Certified Registered Nurse Anesthetists, dentists, medical residents and fellows, physicians, veterinarians, and other medical professionals.

Medical professionals often have high earning potential, significant student loan obligations, and specialty-specific risks. A disabling condition can interrupt income while financial obligations continue. Properly structured disability insurance helps protect long-term earning power.

We take the time to understand your profession, income structure, student loan obligations, and long-term goals. Our experience across specialties allows us to customize policies that align with your needs and priorities.

The goal is to protect your earning potential so you can live your life without worrying that an injury or illness could derail your financial future.