Is it better to buy disability income as a standalone or ok to buy as a rider?

Hi anon,

Generally, coverage added as a rider will be cheaper than as a standalone plan, all other things being equal (e.g. scope of coverage, etc).

So if you needed disability income insurance, you can try to see if it is possible to buy it as a rider on another plan. However, you will be bound by the overall terms of the main plan. So as an example, if the main plan has a coverage duration of 30 years but you wanted disability income coverage for 35 years, you can't achieve that via adding the coverage from a rider. The only way is to buy disability income insurance as a standalone plan.

Having said that, it is more important that you first evaluate your need for disability income insurance before deciding to buy or not.

Hi,

If you are also looking for a term or whole life plan, you can attach it together with them as a rider. Premium-wise, it will be cheaper.

However, if you are only looking for disability income plan, then you can just buy it as a standalone plan.

Hope that answers your question.

Cheers.