Quote:
Originally Posted by Slava
Disability coverage is expensive, but the peemium is commensurate with the risk. If a carpenter who is 27 years old falls off a ladder and can't work for the remainder of his normal working life it is a multi-million dollar claim. There are a lot of reasons that someone could face these issues (illness or injury) so while the premium seems high it's based on the claims experience from the insurers point of view.
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Not saying it's overpriced, just saying it's prohibitively expensive to get for most people, especially those that are self employed. Thankfully I have some coverage via my work.