Can You Drop Disability Insurance?

Shawn Plummer

CEO, The Annuity Expert

Key Considerations Before Dropping DI

Financial Stability

  • Emergency Fund: Ensure you have enough savings to cover expenses in case of disability.
  • Income Sources: Consider other income options available if you cannot work.

Alternative Coverage

Policy Terms

  • Cancellation Process: Review your policy for any specific cancellation procedures.
  • Premiums Paid: Understand that premiums paid towards the policy are not refundable.

Future Insurability

  • Age and Health Factors: Reapplying for DI later may be more difficult or expensive.

Risk Assessment

  • Personal and Professional Risk: Evaluate the likelihood of needing DI based on your job and health.


Carefully consider the implications of dropping disability insurance. Weigh the financial security it offers against your current and future needs. If you decide to cancel, review your policy and follow the necessary steps. For further assistance and a comprehensive review of your insurance needs, contact us today for a free quote.

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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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