Top Disability Insurance Providers for February 2024
This article focuses on the best disability insurance companies based on a comprehensive analysis of individual long-term disability insurance policies. The review reveals that the leading provider is Mutual of Omaha. Their disability income policy offers up to $20,000 in disability income for qualified applicants aged between 18 and 61. The policy’s terms can extend up to 70 years, and you can choose from a 30 to 730 day waiting period. Some of the other top contenders in the market are DInamic Cornerstone from Ameritas, Assurity Life Insurance Company, MassMutual’s Radius Choice, and Principal Financial Group’s Principal Income Protector.
Once enrolled in an individual disability insurance plan, monthly premiums are determined by numerous factors, including your age, occupation, income, and coverage. In the event of a disabling accident or illness, the policy will pay a portion of your income until you can return to work or no longer qualify for coverage. Disability insurance can be a financial lifeline in times of difficulty, especially if you are unable to cover sudden expenses due to a loss of income. The annual cost of disability insurance usually ranges between 1% and 3% of your total income.
The Mutual of Omaha policy stands out due to its high degree of customization. You can choose between non-cancelable or guaranteed renewable coverage, as well as optional automatic increase benefits. Mutual of Omaha also provides valuable optional add-ons for an additional cost. These are important considerations when choosing the best disability insurance for your needs.
While these options offer an essential security blanket in case of unexpected disability, understanding how to contact these insurance companies and navigate their systems is equally important. Contacting customer service can often be challenging due to long wait times and automated systems. Companies such as eddcaller.com offer a vital alternative. They can assist in bypassing long wait times and provide direct contact with a live agent. This is particularly beneficial for those seeking updates on their application status, claim disputes, or any other service-related issues. Their efficient system can ensure swift service, saving you precious time and providing the assistance you need without delay.