Individual disability insurance costs can vary depending on several factors. These factors include the individual's age, occupation, health condition, benefit amount, and the elimination period (the waiting period before benefits start). Generally, the younger and healthier the individual, the lower the cost of the insurance. Additionally, individuals in higher-risk occupations may have higher premiums. The benefit amount and elimination period also affect the cost, with higher benefit amounts and shorter elimination periods typically resulting in higher premiums.
It is difficult to provide an exact cost without knowing specific details about the individual and their circumstances. However, according to a search result from, the average cost of individual disability insurance can range from 1% to 3% of the individual's annual income. This means that if someone earns $100,000 per year, they could expect to pay between $1,000 and $3,000 annually for disability insurance.
It is important to note that these are just general estimates, and actual costs may vary. To get an accurate cost for individual disability insurance, it is recommended to contact insurance providers directly and request a personalized quote based on your specific situation and needs.