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Long Term Disability Insurance

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Long Term Disability Insurance
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Long-term disability insurance helps cover you when you’re injured.

Long Term Disability Insurance

Coverages Pricing FAQ
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Long Term Disability (LTD) Insurance is an income protection policy that replaces a portion of your monthly salary if you become unable to work due to a serious illness or injury. Unlike health insurance, which pays your doctor, LTD pays you, ensuring you can cover your mortgage, groceries, and utilities even if your paycheck stops.

The “Risk Reality”: The Income Gap

Most people insure their homes and cars but neglect their most valuable asset: their ability to earn an income. The statistical risk is higher than many realize. According to the Social Security Administration (SSA), more than one in four 20-year-olds will become disabled before reaching retirement age. Relying solely on savings or government benefits (which are notoriously difficult to qualify for) leaves your financial future vulnerable to a single diagnosis or accident.

Long Term Disability Insurance Coverage

We structure policies to protect your specific occupation, ensuring that “disability” is defined in a way that actually protects your career.

What is Covered
Illness & Disease: Covers conditions like cancer, heart disease, or stroke that prevent you from working (account for the majority of claims).
Accidental Injury: Covers physical injuries from accidents (e.g., car crash, fall) that result in long-term impairment.
Mental Health: Many policies include coverage for anxiety, depression, or stress-related disorders, often with a 24-month limit.
What is NOT Covered (Exclusions)
Short-Term Issues: Conditions that resolve quickly (like a broken arm) are typically covered by Short Term Disability or sick leave, not LTD.
Self-Inflicted Injuries: Disabilities resulting from attempted suicide or intentional self-harm are excluded.

The “Dream” Difference: Standard vs. Comprehensive

Most direct quotes only cover the basics in the left column. We shop multiple carriers to secure the critical add-ons in the right column that actually protect your livelihood.

Feature Employer Group Plan Individual “Own-Occupation” Plan
Portability ✖ Lose if you quit ✔ Portable (Yours forever)
Taxability of Benefits ✖ Typically Taxable ✔ Tax-Free (If paid w/ post-tax $)
Definition of Disability ✖ “Any Job” (Strict) ✔ “Own Job” (Protects your role)
Benefit Cap ✖ Capped (e.g., $5k/mo) ✔ Higher Limits Available

 

 

Long Term Disability Insurance Cost

“How much does disability insurance cost?” Premiums are based on your age, health, occupation risk class, and income level.

  • Cost Estimate: According to industry market data, a comprehensive individual LTD policy typically costs between 1% and 3% of your annual salary. For someone earning $100,000, this is roughly $80-$250 per month.
  • Waiting Period Impact: You can lower your premium significantly by choosing a longer “elimination period” (e.g., waiting 90 days before benefits start instead of 30 days).
  • Occupation Class: Office workers generally pay lower rates than manual laborers due to the lower risk of physical injury, though high-stress white-collar jobs also carry specific risk factors.

The “Independent Difference”: Why Dream Assurance?

Disability contracts are filled with nuance. “Independent Means Multiple Choices.” We help you decipher the definitions to ensure you actually get paid when you need it.

  • “Own-Occ” Specialists: We specialize in finding “True Own-Occupation” definitions for professionals, ensuring you are paid even if you can still work a different, lower-paying job.
  • Rider Customization: We help you add “Future Purchase Options” that allow you to increase coverage as your salary grows without taking another medical exam.
  • Carrier Diversity: We shop the “Big 5” disability carriers to find the one that views your specific medical history most favorably.

 
Experience the confidence shared by the professionals we protect, and let us turn these options into a clear, comprehensive protection plan for you.

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Dream Assurance
5.0
Based on 158 reviews
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Leslie Franke profile picture
Leslie Franke
17:49 13 Apr 26
Addison was great he was able to match me with the exact insurance policy that I needed at a cost I can afford!!!
Alex D profile picture
Alex D
13:49 07 Apr 26
The insight was unmatched by any other insurance company. I’ll be using them for all my insurance needs.
G Clark profile picture
G Clark
16:19 04 Apr 26
I’ve had a fantastic experience with Dream Assurance. From the very beginning, Kurtis made the process of choosing a plan straightforward and stress-free.
Robert Anderson profile picture
Robert Anderson
20:36 23 Mar 26
If you’re looking for real people that handles your needs fast then dream assurance is the way to go. Micheal Moran is probably the best insurance agent I’ve ever had. No matter the time or day, he finds a way to respond back. Not to mention we’re in two different time zones and he works like we’re in the same state. I wish I could give them more stars. Forgot to mention they’ll beat any insurance rates you find!!!
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Frequently Asked Questions

What is “Own-Occupation” coverage?
“Own-Occupation” means the policy pays if you cannot perform the duties of your specific job, even if you could physically do another job. “Any-Occupation” only pays if you cannot work any job at all. We strongly recommend Own-Occupation for professionals.
If you pay the premiums yourself with after-tax dollars (like most individual policies), the benefits are generally tax-free. If your employer pays the premium, the benefits are usually taxable as income.
You choose the benefit period when you buy the policy. Common options are 2 years, 5 years, or “To Age 65” (retirement age). We typically recommend coverage to Age 65 to protect your entire working career.
Only if you are injured at work. However, most disabilities (like cancer, arthritis, or weekend accidents) happen outside the workplace. Workers’ Comp provides zero coverage for these non-work-related issues.
Yes, if you include a “Future Increase Option” or “Benefit Update” rider. This allows you to buy more coverage as your income rises without having to undergo a new medical exam or answer health questions.

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