Long Term Disability Premiums — The Highest

Breeze is a disability insurer. It says from year-to-year, 2020 to 2021, long term disability insurance costs rose 20%. The company says a 23% jump in the average monthly amount of benefits paid out drove the increase.

That outgo is partially caused by COVID.

Breeze said age is also a factor in the increase. If you’re 18 to 24, the average annual premium sits at $451. People in the 45 to 54 bracket have rates over double that at $1,800.

And high wage earners are hit harder than those with low wages.

Occupation also comes into play. Drivers had the lowest rate at $510 and physicians the highest. Here’s the Breeze list:

1. Physician

Average annual premium 2021: $3,027

Average annual premium 2020: $3,409

2. Dentist

Average annual premium 2021: $2,460

Average annual premium 2020: $1,076

3. Consultant, IT consultant, Management Consultant

Average annual premium 2021: $1,876

Average annual premium 2020: $1,812

4. Director

Average annual premium 2021: $1,809

Average annual premium 2020: $1,882

5. Vice President

Average annual premium 2021: $1,689

Average annual premium 2020: $1,696

6. Product Manager

Average annual premium 2021: $1,659

Average annual premium 2020: $995

7. Attorney

Average annual premium 2021: $1,629

Average annual premium 2020: $2,112

8. Truck Driver

Average annual premium 2021: $1,542

Average annual premium 2020: $1,298

9. Project Manager

Average annual premium 2021: $1,401

Average annual premium 2020: $601

10. Dental Hygienist (Group)

Average annual premium 2021: $1,392

Average annual premium 2020: $1,265