Disability Insurance Companies

Disability insurance provides protection for a worker’s greatest asset – their paycheck. While it’s true that any protection is better than no protection, it’s also smart to find coverage that matches your particular needs and budget. Different disability insurance companies offer different terms and may also have different underwriting requirements. These differences can have a big impact on your disability benefits and premium costs. When you request a disability insurancequote from DIS, we shop the following carriers.

disability insurance quotes
Ameritas
Ameritas offers two types of individual disability income insurance products designed for different budgets and needs. The DInamic Fundamental product provides simple and affordable coverage with a simplified underwriting process. This may be a good option for individuals that need basic coverage but don’t want to deal with complicated application processes or large premiums.

The DInamic Foundation series provides built-in features and benefits along with a range of optional choices that let applicants customize their coverage. Built-in features include non-disabling injury that reimburses medical expenses, presumptive total disability that waives the elimination period for certain losses, good health coverage that shortens the elimination period and COBRA premium benefits. Optional riders include a cost-of-living adjustment, a future increase option and a catastrophic disability rider.

Ameritas has an A (Excellent) A.M. Best rating.

Assurity
Assurity offers disability income insurance that provides affordable monthly protection and flexible coverage. The elimination period can be as short as 30 days, and the benefit period can be anywhere from one year on the shortend to until retirement age on the long end.

Assurity says that many people should consider securing a benefit that covers 60% to 70% of their gross monthly income, but individuals who can’t afford that much coverage can opt for a smaller benefit month that covers the biggest monthly expenses, such as the mortgage.

Assurity is a Certified B Corporation with an A.M. Best rating of A- (Excellent).

Illinois Mutual
Illinois Mutual offers disability income insurance to help cover basic expenses during a period of disability. TheDI Needs Calculator helps people decide how big their benefit needs to be. There are also options regarding the elimination period and benefits period. A return of premium rider is also available at additional cost, and it providesa 100% return of premium paid, minus benefits received.

W-2 employees who work in eligible paraprofessional or skilled trade occupations may also be eligible for a one-class occupation upgrade. This upgrade can lower the cost of coverage.

Illinois Mutual has an A.M. Best rating of A- (Excellent) as of October 7, 2021.

Lloyds of London
Lloyd’s of London is an insurance and reinsurance marketplace. It is not a traditional insurance company. Rather, it provides a market where people can buy and sell insurance. Members specialize in different types of risk, including disability insurance policies.
Mass Mutual
Mass Mutual offers disability income insurance that can help policyholders protect 45% to 65% of their regularincome. Applicants can customize their coverage with various riders. They can also protect their income both by avoiding dipping into retirement savings during a period of disability and by purchasing a policy that helps them continue to save for retirement during a disability.

Mass Mutual has an A.M. Best rating of A++ (Superior).

MetLife
MetLife no longer sells individual disability insurance through agents. However, the company does provide disability insurance products for businesses, including short-term disability insurance and long-term disability insurance.These products can be an important part of an employee benefits package.
Mutual of Omaha
Mutual of Omaha offers disability insurance with waiting periods of 30 to 730 days and benefit periods that can last from as little as six months or until age 70. The Mutual Income Solutions disability insurance product has a minimum monthly benefit of $300 and a maximum monthly benefit of $20,000.

Built-in policy benefits include survivor benefits, recurrent disability waiver of elimination period, rehabilitation benefits, transplant donor benefits, waiver of premium, military suspension and presumptive total disability.Coverage can be non-cancelable or guaranteed renewable, and monthly benefits increase via either the automatic increase benefit or the future insurability option. Optional benefits include extended regular occupation, trueregular occupation, residual disability, return of premium, cash value benefit, mental or nervous and substanceabuse extension, catastrophic disability benefit, cost-of-living adjustment and Social Insurance supplement.

Mutual of Omaha has an A.M. Best rating of A+ (superior).

Ohio National Financial Services
Ohio National Financial Services offers non-cancelable individual disability income insurance that can be customized with different benefit periods and elimination periods. A variety of riders are available, including annual renewable disability income, guarantee of physical insurability income, lump sum payment at retirement, own occupation definition of disability and student loan reimbursement.

Coverage is available for a wide range of workers, including doctors, small business owners, professionals, executives, white-collar workers, tech workers and blue-collar workers.

Ohio National Financial Services has an A.M. Best rating of A (excellent) for financial strength.

Principal offers disability income insurance and DI Retirement Savings to help individuals continue to savefor retirement even if they’re unable to work due to disability. Principal’s disability insurance solutions can be customized to meet an individual’s needs and budget, and the disability insurance calculator can help applicants determine how much coverage they need.

Principal Life Insurance Company and Principal National Life Insurance Company both have A.M. Best ratingsof A+ (superior).

The Standard
The Standard offers individual disability insurance as well as business protection and employer-sponsoreddisability insurance.

The Platinum Advantage disability insurance product provides a family care benefit that provides benefits tohelp the insured take time away from work to care for a spouse, parent or child with a serious health condition.Other features include guaranteed renewable, rehabilitation benefit, automatic increase benefit rider, benefitincrease rider and a survivor benefit. Optional benefits include a residual disability rider and a student loan rider.

The Standard has an A.M. Best rating of A (excellent).

Best Disability Insurance Company

What Is the Best Disability Insurance Company?

When reviewing disability insurance options, it’s important to look for a policy that can be customized to fit your needs.The best disability insurance policy for one worker won’t necessarily be the best fit for another worker.

Some basic things to consider include the benefit amount, the benefit period, the elimination period and the definitionof disability. Beyond that, it’s also important to look at the various riders and choose the ones that best fit your needs.Price is also a factor, and you may receive better rates from one carrier or another, so it’s important to compare quotes.