Understanding the Right Age to Stop Disability Insurance

Shawn Plummer

CEO, The Annuity Expert

Key Considerations for Disability Insurance

Transitioning to Retirement or a Less Risky Job
The prime factor in deciding when to stop paying for disability insurance revolves around your retirement or a shift in your career to a less risky occupation. It’s not just about age; it’s about your employment status and the nature of your work.

Retirement and Disability Insurance
Once you retire, the need for disability insurance typically diminishes. Why? Because disability insurance is designed to replace a portion of your income if you’re unable to work due to illness or injury. When you’re retired, you no longer rely on employment income, making disability insurance less relevant.

Changing Jobs to Less Risky Roles
If you transition to a less risky occupation before retirement, the need for disability insurance may reduce. For example, moving from construction work to a desk job significantly decreases the likelihood of work-related disabilities.

The Benefits of Appropriate Disability Insurance Timing

  • Financial Savings: By stopping disability insurance when it’s no longer necessary, you can save on premiums.
  • Resource Reallocation: The funds saved can be redirected towards other financial goals or retirement savings.
  • Peace of Mind: Knowing you’re adequately covered during your working years without overpaying in retirement brings financial peace of mind.

Age and Disability Insurance Guide

Age RangeEmployment StatusDisability Insurance Need
Under 65Actively working in a risky jobHigh need for disability insurance
Under 65Transitioned to a less risky jobEvaluate need; potentially reduce coverage
65+Still working in any jobAssess based on health and financial needs
Post-RetirementNot workingGenerally, no need for disability insurance


Deciding when to stop paying for disability insurance is less about reaching a specific age and more about your retirement status or the nature of your occupation. The key is to balance the need for insurance with the practicality of your employment situation. Remember, the goal is to protect your income during your working years without incurring unnecessary costs in retirement. Feel confident in making a decision that best fits your unique situation. Contact us today for a free quote for personalized advice tailored to your circumstances.

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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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