Many unexpected factors, such as an injury or illness, can come in life. Living expenses or bills will pile up when you cannot work due to illness or injury. Therefore you need the best disability insurance providers.
These disability insurance companies can help you cover your living expenses and bills that you have to pay. Especially if you have to take a break from work for a long time, you will feel the benefits.
In addition to providing long-term disability insurance, there are other types of disability insurance, namely short-term disability insurance. Each of these types has its own advantages and can adapt to your insurance plan.
You can choose this insurance as a preparation to deal with unexpected conditions. There are many private insurance companies that provide disability insurance. In order not to be confused in choosing the best provider, you need the best recommendations.
In the following article, you can find several types of insurance companies that can be your reference. Read the explanation below.
Best Disability Insurance Providers
Before starting the discussion about recommendations, you must first understand disability insurance. This disability insurance is important so that you are not mistaken in distinguishing it from other types of insurance. Disability insurance is essential to maintain life after an injury.
Disability insurance is a type of insurance that provides income guarantees that clients will receive due to the risk of injury or disability. This insurance is beneficial because it can cover living expenses while the user is not working.
By having insurance that has another name for income protection insurance or disability income insurance, you can be calmer so you can focus on recovering your body.
Below we present some of the best short-term disability insurance and long-term disability insurance for you:
1. Guardians
Guardian disability insurance is the first recommendation that can be your choice. Guardian is included in the best overall disability insurance because there are so many services available in this insurance. A large number of options can help you find the best service.
You can choose short-term, long-term, individual, to supplemental insurance. The coverage area of Guardian insurance has also reached 50 states, so you don’t have to worry about its coverage where you live.
You don’t have to worry about the credibility of this company. Guardian has been around since 1860 and has always been able to handle disability insurance and life insurance.
One of the most significant benefits of using Guardian is the company’s “own occupation” coverage. This coverage means that when you are no longer able to work at your previous job, the policy can replace part of that amount of income. You will receive the policy even if you can do other types of work.
2. Assurity
Assurity offers a variety of disability insurance for the long term and from a variety of work backgrounds. This insurance provides several benefit periods, namely one year, two years, five years, and up to ten years. Users can also renew their policies until the age of 67 years.
If you are someone who works in a high-risk field, then Assurity is the right choice. Several types of high-risk work are electrical work, machinery operations, construction, and more.
With a reasonably affordable disability insurance cost, you can enjoy a maximum coverage of $20.000 per month. Not only for high-risk workers; insurance from Assurity is also suitable for entrepreneurs or business owners.
That is because Assurity can pay your lease, payroll, and company-related expenses for entrepreneurs who cannot work.
The elimination period on individual policies ranges from 30 to 365 days. In some cases, it can even be 0 days. For a period of 0 to 30 days, this applies to the short-term policy of your workplace.
If you want to buy insurance from Assurity, you have to contact the agent directly, or you can’t purchase coverage online.
3. Breeze
Now you can take care of everything online, saving you time and transportation costs. Breeze is an insurance company that has used this method.
You can register for the process of making a policy online. For registration, you can complete it in about 15 only. With this online process, Breeze has become one of its competitors’ leading disability insurance providers.
The absence of a medical examination is also one of the advantages of Breeze. However, in some cases, it requires paramedical appointments according to your age and the amount of coverage you want to take.
With a plan of $9 every month, you can say that Breeze is affordable insurance, especially for insurance for the long term.
4. The Standard
You can choose The Standard because it provides short-term, long-term, individual, and group disability insurance with various benefits.
One of the advantages is the exclusive family care benefit. With this benefit, you can get protection insurance when you have to take care of a seriously ill family member.
You can also use these benefits more than once. You can use it if you work 20% fewer hours and decrease your income by the same or more.
Not only that, but you can also use rehabilitation benefits and survivor benefits. The Standard is also a company that has been serving the community for a long time, since 1906.
5. Mutual of Omaha
This last recommendation can offer benefits of up to $12.000, depending on the user’s income. Until the age of 67, you can still update the policy.
If you put customer satisfaction first as an indicator, then Mutual of Omaha is the right choice. That is because, based on the rating from AM Best, Mutual of Omaha gets a superior score (A+).
Some other advantages are the hospital confinement indemnity benefits rider and the return of premium benefit rider.
You should contact the agent for consultation because online quotes aren’t specific. Especially if you want to sign up for additional services, agents can help you make the best plans.
After looking at the five best disability insurance providers, you can choose the most suitable company. By finding the right company, you can get the maximum profit.