Who is Best Suited for Long-Term Disability Insurance?

Shawn Plummer

CEO, The Annuity Expert

Who is Best Suited for Long-Term Disability Insurance?

Long-term disability insurance is essential for specific groups of individuals, providing financial security in various scenarios. Many insurance companies offer Long Term Disability, so shopping is essential. Some favor blue-collar (high-risk jobs), white-collar (low-risk jobs), and gray-collar (middle-range) risk jobs more favorably.

Here’s a breakdown of who might find this type of insurance most beneficial:

1. Individuals in High-Risk Jobs

  • Need for Protection: Those in occupations with a higher risk of injury or illness benefit significantly from long-term disability insurance.
  • Coverage Benefit: Offers income protection in case of inability to work due to a job-related disability.

2. Younger to Mid-Age People

  • Prime Earning Years: This group often has significant financial commitments and dependents.
  • Long-Term Benefit: Securing coverage early can be more affordable and offers protection during crucial earning years.

3. High Net Worth Individuals

  • Income Preservation: Essential for protecting their lifestyle and financial commitments in case of disability.
  • Asset Protection: Helps prevent the need to liquidate assets to cover expenses during periods of disability.

4. Primary Breadwinners

  • Family Support: If their income is crucial for family expenses, long-term disability insurance ensures financial stability in case of an inability to work.
  • Dependency Protection: Provides peace of mind, knowing dependents are financially secure.

Alternative: Lifetime Income Annuity

For those who may not qualify for long-term disability insurance or seek additional security, a lifetime income annuity can be a suitable alternative:

  • Guaranteed Income: Provides a steady stream of income, which can be activated at any point, especially useful if injured on the job.
  • No Underwriting Required: Annuities typically don’t require the extensive underwriting process that disability insurance does.
  • Flexibility: Allows individuals to choose when to start receiving income, offering flexibility in planning for unforeseen events.

Long-Term Disability Insurance vs. Lifetime Income Annuity

RequirementSuitability of Long-Term Disability InsuranceSuitability of Lifetime Income Annuity
High-Risk OccupationHighModerate
Younger to Mid-AgeHighModerate
High Net WorthHighModerate to High
Primary BreadwinnerHighModerate
Difficulty in UnderwritingLow (difficult to obtain)High (easier to obtain)


Long-term disability insurance is particularly beneficial for individuals in high-risk jobs, younger to mid-age people, high net-worth individuals, and primary breadwinners, providing crucial income protection. For those who might face challenges in obtaining this insurance, a lifetime income annuity offers a viable alternative, ensuring a steady income flow even in the event of an injury.

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Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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