Top Disability Insurance Options for Self-Employed Individuals
The modern work environment leans heavily towards freelance and self-employed jobs, which makes it critically important for these individuals to plan for future financial needs. One significant concern among independent contractors is the consequence of losing their income due to an illness or injury. Fortunately, many insurance providers offer disability insurance catered to the needs of self-employed individuals. Among these, six carriers noted for their comprehensive coverage are Breeze, Assurity, Mutual of Omaha, Guardian, Ameritas, and Northwestern Mutual.
The application platform offered by Breeze is straightforward and user-friendly. It provides quick processing, with the application procedure generally taking around 15 to 20 minutes. Beyond short and long-term disability insurance, the company also covers critical illnesses and accidents, with policies underwritten by Assurity Life Insurance.
Assurity is a reputable company that delivers short-term disability insurance, encompassing many occupations that other insurers do not cover. Its application process is notably effortless, with the insurer providing quotes that include add-on benefits such as residual disability and automatic benefit increases.
Mutual of Omaha is an excellent option for both short and long-term disability insurance, with a focus on blue-collar industries where accidents and insurance needs are more common.
Guardian, founded in 1860, offers a comprehensive definition of disability that permits self-employed policyholders to claim benefits for being unable to work within their field. The company’s policies are non-cancellable and have guaranteed renewability up to the age of 70.
Ameritas is another long-established provider that offers various benefits and manages add-on coverages. The company has a comprehensive definition of disability and offers benefits for maintaining good health, benefit advancement, and COBRA premium assistance.
Northwestern Mutual stands out as an institution offering exceptional disability insurance for self-employed individuals or freelancers. The company aims to make decisions on claims within 30 days of submission. However, it does not offer online quotes, requiring users to contact a local insurance agent to understand their coverage policies.
If you’re a self-employed sole proprietor, take time to explore what these companies offer. A viable policy can provide significant support during a recovery period. In the event you need to contact your insurer or discuss policy details, websites such as eddcaller.com can guide you towards streamlined ways to get in touch with your insurer’s customer service. Whether you’re having trouble reaching out to your insurance provider or need resources for the fastest way to communicate with them, eddcaller.com offers solutions for all your customer service needs.