What affects the price of disability insurance?
Generally speaking, increases in age, benefit amount, benefit period, or optional riders (such as an inflation adjustment or part time income riders) will lead to higher premiums. Shorter waiting periods carry higher premiums. Females usually also pay higher premiums as do tobacco users. A more liberal definition of disability will also cause an increase in the premiums. There are discounts for multiple lives and associations. These discounts can be substantial, particularly for women.
