Lisa and Jim's Northern Nevada Real Estate Blog: Looking for some insight on "Disability" Insurance Policies.

Looking for some insight on "Disability" Insurance Policies.

I'm very interested in securing information about long term disability insurance.   "Insurance" is a world of mystery to me ... especially disability policies.  They all seem very over priced and very expensive.

I'd like to invite a discussion on this topic, who knows about this or knows someone who knows about this?  I'd sincerely appreciate your input and comments. 

Comment balloon 3 commentsLisa Wetzel • November 16 2007 06:51AM


Expensive disability?  I have life, health, car, homeowners, umbrella, e&o, boat, corporate, dental, and a couple of others that I'm sure I left out and disability is by far one of the least expensive for a real estate professional.  Sit down with an insurance agent who is reputable and can talk you through the best package for your life circumstances.  Get insurance as a protection not as an investment.

Posted by Chris Pollinger, Consulting for Luxury Teams and Brokerages (Berman & Pollinger, LLC.) about 13 years ago
There are many variables that go into the calculating of the premiums for disability policies.  If the price seems too high talk to your agent about changing the percentage of income that the policy covers (most agents try and sell you the highest income percentage) and the waiting period before benifits kick in.   In many ways this is similar to how changing the deductable on your car insurance will change your premium.
Posted by Michael Shalen (Chicago Office Advisers) about 13 years ago

Chris and Michael,

Thanks for your advice.  I'm doing some research and will post my findings.

Posted by Lisa Wetzel, CDPE, SFR (RE/MAX Realty Affiliates) about 13 years ago