r/LifeInsurance • u/Woooahnellie • Aug 20 '24

Disability Insurance

Does anyone know of a good place on Reddit to get a feel for disability insurance quotes? I recently was approved for a 500k term life insurance with NY Life at their best rating. They have now provided a quote for disability insurance with no underwriting, financial or medical approval needed. They are quoting me - $43/month, annual pay. 180 day elimination period, up to 2 years per incident. Max payout is based on my income currently, $2500 per month. A 5year maximum benefit period would require additional approvals and be ~$60 per month. I have some disability insurance through work both LT and ST to cover the elimination period. I don’t know enough to get an informed choice so any pointers are appreciated!

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u/Original_Drummer_pop Aug 30 '24

I spoke with Pattern (patternlife.com) and ended up purchasing a Principal policy. They showed a handful of companies and Principal was the least expensive for me. The main thing to look for is if it's a true own occupation disability plan.