Disability insurance offered through your employer is usually the most expensive coverage option.TrueFalse

The statement "Disability insurance offered through your employer is usually the most expensive coverage option" is False.

Disability insurance provided by employers often tends to be more affordable compared to individual plans for several reasons. Employers typically negotiate group rates due to the collective risk pool they create by insuring many employees at once. This group approach allows for lower premiums than those typically charged for individual policies, where the insurance company cannot spread risk as broadly.

Moreover, employers might subsidize the cost of disability insurance as part of their benefits package, further lowering the expense for employees. However, the coverage might differ in terms of benefits, waiting periods, and duration of coverage compared to individual policies, which can affect the overall value. Hence, while employer-sponsored disability insurance can be less expensive, the specifics can vary significantly depending on the employer’s insurance provider and the plan details offered.