Disability Insurance Basics
What is a disability insurance occupation class?
A disability insurance occupation class is a rating category that determines your premium based on the risk associated with your occupation. Higher occupation classes (1-4A) have lower premiums and more favorable policy terms. Lower occupation classes (3A, 2A, A, B) have higher premiums. Occupation class is determined by the physical demands, hazards, and income stability of your job.
Key Points
- Occupation class: rating category based on occupation risk
- Higher classes (1-4A): lower premiums, more favorable terms
- Lower classes (3A, 2A, A, B): higher premiums
- Determined by: physical demands, hazards, income stability
- An independent agent can help you understand your occupation class and find the best rates