In 2024, Mutual of Omaha is considered the best disability insurance company based on individual long-term disability insurance policies. The Mutual Income Solutions disability income policy offers up to $20,000 in disability income for qualified applicants aged 18 to 61. Benefit periods range from a six month period or to when you hit age 70, and waiting periods from 30 to 730 days. Various customization options are also available. Other noteworthy providers include Ameritas, Assurity Life Insurance Company, MassMutual, and Principal Financial Group, each offering specific benefits suitable to different individual needs.

Key considerations when deciding on disability insurance include the maximum monthly benefit, elimination period, benefit period, occupation, health status, and potential for riders such as inflation coverage, partial and catastrophic disability benefits. The ideal policy should cover your expenses while you are unable to work due to disability. It’s important to note that premiums can increase over time depending on the policy type.

To obtain disability insurance, you can directly contact the insurance company or work with an insurance agent or broker. In case of a disabling event preventing you from working, the policy will provide you with a portion of your income until you are able to return to work or no longer qualify for coverage. If you’re in California and need information about disability insurance, you might want to find out how to contact SDI or check out eddcaller.com for various resources.