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FOR OTHER ADVISORS -
Source Book
Disability Rates
The Ratings of The Insurers Shown Are At Least: AM Best=A+, S&P=AA,
Moody's=Aa
Annual Rates per
$100,000 of Annual Benefit
The primary concern of people covered by
long-term disability is “Under what conditions will the
policy pay?”
Disability is defined simply as a reduction in income brought
about by a injury or medical condition. For example, a corporate
executive may not be able to handle the stress of a high level
position, but could function as a manager in some business, perhaps
earning only 40% to 50% of former income. The policy would provide
a payment for the percentage of income lost. (i.e. A disability
causes a 60% loss of earned income - the policy pays 60% of maximum
benefit.)
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Age
at Issue |
Annual
Premium per
$100,000 Annual
Benefit |
| 25 |
$1,330 |
| 30 |
$1,560 |
| 35 |
$1,850 |
| 40 |
$2,310 |
| 45 |
$2,880 |
| 50 |
$3,540 |
| 55 |
$4,240 |
| 60 |
$5,030 |
| Updated -
July 1, 2009 |
Rates above assume non-smoker in "Preferred" or "Best
Preferred" health category. They cannot be assumed to be the rates
at which any particular policy will be issued. Final issue decisions
and final rates must be determined only after a application, a medical
examination and additional data is obtained by the insurer.
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