This is where your disability insurance is going to come in. What are you going to do for a paycheck? Because short-term insurance is usually provided by employers, this list focuses on companies who sell long-term insurance plans. According to a recent OneAmerica Survey , just a third of Americans have disability coverage through their workplace, which is problematic because this type of insurance can provide critical financial aid in trying times.
What Insurance Carriers Offer Long Term & Private Disability Insurance?
Top large-group disability insurance carriers | Employee Benefit Adviser
Group life and group disability insurance are becoming increasingly sought-after by both new recruits and top-tier employees. As the cost of medical care continues to rise, so does the importance of maintaining a steady income in the event of a disability. Also of importance is the ability of surviving members of a family to maintain their lifestyle in the event of the family breadwinners death. Group health insurance is the foundation of any good employee benefits package. However, it has become the expectation of savvy employees, rather than the exception.
Disability insurance policies, whether short-term or long-term, private or employer-sponsored, all serve to replace at least a portion of the income lost by individuals who suffer a non-job-related injury or illness that prevents them from working. A critical safety net for many, policies of this type have saved countless families from financial ruin and promise to do so for numerous more in the future. Unfortunately, there is a sizable group of insurance carriers that routinely deny benefits to claimants who are entitled to receive them, forcing lengthy dispute and appeals processes to occur. If you are among those who are seeking information about the claims process or are interested in pursuing an appeal of a prior denial, it may be wise to familiarize yourself with some key facts about several common insurance carriers of long term and private disability insurance. The market for disability insurance policies is vast, with many carriers offering a wide range of coverage options and terms.
Are you a benefits executive? Login Register. Now Reading: The Latest. The top 25 large-group disability carriers in the US Employee Benefit Adviser , in partnership with business intelligence data analytics firm miEdge, lists the top 25 disability carriers in the U. Companies are ranked based on in-force premiums for both short- and long-term group disability plans.