There are two ways to get disability insurance as a rider on a Term or Universal Life policy. You can do this if buy a term policy. You can also use a universal life policy to do this by adding a disability income rider. The most popular way to do it is through an “accident only” so the client would have to get disabled in an accident to collect, and most riders on those policies are six months, meaning you get the benefits for six months after you get hurt in an accident.

A standalone disability means it’s a standalone disability policy, which means there’s no life insurance attached to it. You can get a monthly benefit with the lowest amount you get at $300 a month and the highest one is $4,000. You do have to wait 30 days if it’s an accident, whereas it takes 90 days to get the benefits if it is from a sickness. You can elect to get the benefits for one year, two years, or three years. Then, the benefits stop so obviously the longer the benefit, the better off you are. The more expensive it is, and there are no gender specifics, it is the same price for males and females. Most of the time people want disability, they’re going to have it to add to a policy as a form of a rider. If they don’t want life insurance, they can get a standalone disability. The more coverage that you want, the more it is going to cost, and the longer you want the benefits, the more it costs.