Yeah this was what I found too when I looked into private US long-term disability insurance a while back. My recollection was:
there’s a surprising number of health exclusions, even for things that happened in your childhood or adolescence
it’s a lot more expensive in percentage terms if you’re at a lower income
many disability cases are ambiguous so the insurance company may have you jump through a lot of hoops and paperwork (a strange role-reversal in which the bureaucracy wants to affirm your agency)
I had the impression that it was a great product for some people, meaning those with high income, clean medical history, and a support network to wrestle with the insurance company. But at the time I looked into it, it didn’t seem like a great option for me even given my risk-adverse preferences.
Planning to look again soon so could change my mind.
Yeah this was what I found too when I looked into private US long-term disability insurance a while back. My recollection was:
there’s a surprising number of health exclusions, even for things that happened in your childhood or adolescence
it’s a lot more expensive in percentage terms if you’re at a lower income
many disability cases are ambiguous so the insurance company may have you jump through a lot of hoops and paperwork (a strange role-reversal in which the bureaucracy wants to affirm your agency)
I had the impression that it was a great product for some people, meaning those with high income, clean medical history, and a support network to wrestle with the insurance company. But at the time I looked into it, it didn’t seem like a great option for me even given my risk-adverse preferences.
Planning to look again soon so could change my mind.