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How is individual long term disability insurance priced?

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  • How is individual long term disability insurance priced?

    Hi

    I'm a relative novice when it comes to insurance pricing and am trying to understand how disability pricing works. Specifically, I'm trying to understand in the US what makes up a price quote for individual long term disability insurance

    Understandably every carrier has their own pricing models and so there is no one model where the inputs are made and it spits out a quote. However, if I wanted to understand in most cases what proportion of a quote were made up by the following features how could I go about it?

    Features: What is their relative contribution to cost?
    Age
    Gender
    Occupation
    State
    Smoker/non-smoker
    Waiting period
    Benefit amount
    Benefit period
    Any vs. own occupation
    Non-cancellable/renewable
    Other (are there other features that contribute significantly to the quote price?)

    Any advice would be appreciated, including recommendations where I can find this kind of data and models/quoting systems where I can test how changing these variable affects the quote.

    Thanks for the help!

    Francois
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