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[quote=Anonymous][quote=Anonymous]I got some quotes for disability insurance - [b]$350 monthly so that I could be paid off the bat if something were to happen vs $300 monthly to be paid after my employer disability runs out.[/b] I'm young and healthy, but I also don't think my part time employer disability will be all that good. Is it worth it to go ahead and pay that $300 per month?

Also, my disability [b]excludes anxiety and insomnia for some crappy diagnoses[/b] (that don't even pertain to me) that my PCP just happen to throw into my chart. I'm annoyed. I could fight this  or pay even more to get it disregarded. Any thoughts?[/quote]

First, you can purchase policies with various elimination periods, which is the length of time before they start paying. Generally people choose a length that matches their employer's short term disability policy. The longer the elimination period, the lower the premium. However, I don't sign up for my employer's STD, and I would think that most professionals would be able to have a few months emergency savings, so I go with a longer elimination period.

Second, posters saying $300 is high are wrong. Depending on the benefit amount, if you are a male, that premium is about right for the best health rating. Females' premiums are more expensive. People are likely thinking of employer policies which are cheaper and have benefits that go along with the cheap price.

Look for a policy with good mental health benefits such as Guardian. Many people think that won't apply to them. I know a lawyer who got attacked in court by a defendant and had PTSD and could not go back to work for several years.[/quote]

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