Life insurance for disabled individuals is also one sort of insurance policy that provides financial assistance and some sort of protection for those who are suffering health related disabilities. These policies are designed to provide and include policy coverage’s that can help support the individual and their beloved ones during any health crisis.
There are many numbers of insurance available, each of them all unique from its policy, tenure and coverage’s. Benefits may include a lump sum payment to beneficiaries, income replacement, or coverage for medical expenses, funeral expenses and many aspects.
Disabled insurance plays an important role in a people’s life especially for those who are significantly suffering from many severe health disabilities. However, it is very important to carefully review the terms and coverage options of different policies to find the best fit for individual needs.
Let’s see what are the Top 10 most recommended Life Insurance for Disabled;
1. Guardian
Started in 1860, serving the people in order to help and protect their beloved ones. Well known for its flexible policies and strong customer service. Even though not having online service or auto or home insurance, Guardian includes whole, term and universal plans. And also most of the disabled would like to choose its affordable rates and top term life provider or affordable life insurance. Guardian offers insurance till the age of 90, which also turns off your digital first experience.
2. MassMutual
MassMutual disabled insurance is the top option among physicians and dentists. If you see MassMutual disabled insurance always places in top position in dental and medical niches. However insurance offers customizable coverage and has a strong reputation. Ranked in FORTUNE 100 with the inclusion of $500 billion of total asset worth. Its financial ranking is always in the top level when you compare with other insurance companies and present market leaders compared to other companies.
3. Mutual of Omaha
Founded in 1909, Mutual of Omaha is well known for its friendly and affordable rates and acceptance of pre-existing conditions. Like Guardian, Mutual of Omaha also offers term, whole and universal life insurance plans. It is very important to check your location before purchasing a plan if you are below 85. Its life answer death plan starts from $ 100000 and children’s whole family life starts at $ 5000. Mutual of Omaha posed some of the conditions: Guaranteed whole life insurance has an age restriction between 45-85, suppose if you are in New York City then age 50-75. And the living promise plan, which has an age limit of 45-85.
4. State Farm
State Farm will help you plan for the unexpected and help protect you and your beloved ones. They offer life insurance in 3 policies like term, under that term policy you can convert to permanent policies. State Farms each policy works with its local agents and if you apply for policy or quotes an agent will come to your home. Policy includes two term policies, death benefits starting at $ 100000 and rest are $50,000 and $25,000 starting coverage’s. One of the easiest accessible disability insurance policies if you are not comfortable online you can also contact its 19000 agents in different cities. Remember its age starts from 75 or 90 and some policies cut off age from 45 or 60.
5. New York Life
New York Life is a unique disability life insurance plan that always offers a variety of coverage options and has high financial strength ratings. 1 in 4 today’s 20 year old person can expect to be out of work for at least a year because of a disability. When it comes to maternity, it is a most common cause of short disability claims among female employees. State Farm New York Life also offers agent services, who highly trained financial professionals are directly working with your plans and policies to clear queries and meet insurance needs. Its features like a smooth claim process to transit from short term to long term disabilities is really excellent. New York Life always receives the highest financial strength rating given by any U.S life insurer.
6. Northwestern Mutual
Long term disability insurance plans with North-western Mutual are supposed to assist you after being disabled due any medical injuries. Suppose if you are an employee seeking disabled insurance plan you will come under the Employee retirement income security act. It will be easier for your consumer to get disability insurance and scale in favour of the insurance company. Suppose if you are unable to perform their own occupations its duration is covered around limited to 24 months. It is very important to know customization policies and strong financial stability under this disability policy.
7. Principal Financial
Principal financial is one of the top 5 individual disability insurance providers with the inclusion of $500 million of revenue. In Spite of that, Principal Financial is also a solution to meet the employer, employee and business owner’s disabilities. Here options like medical requirements and non-medical requirements insurance disabilities are available. Under non-medical requirements an employee is eligible for disability insurance benefits. He should meet certain non-medical requirements like an active employee. Under medical requirements, he must meet medical requirements before receiving insurance benefits like statements of physicians and hospital records.
8. Transamerica
Founded 1904 in San Francisco as a small bank, but today they serve insurance policies. Transamerica offers policies that can be purchased up to the age of 85. However, policy holders can choose between $1000 and $10 million, depending which policy you used. This insurance policy never offers life insurance online but offers quotes, and you should purchase through an agent only. Its coverage limits are flexible in nature and be just aware about the age restrictions. Here medical exams may not be required for some trendsetters super and Trendsetter LB setter term life policy.
9. Pacific Life
Pacific Life disability insurance is also offering a variety of insurance products, including disability insurance. It added protections in the events like being unable to work due to a disability, offering financial support during a challenging time. Most flexible insurance plan which includes various coverage options to suit individual needs. It has many disability insurance plans like Income replacements (for those who disabled and are unable to work), Partial disability coverage (for those who partially disabled and are unable to work full time), own occupation definition (suppose if you are unable to work in your specific occupation, in a very difficult situations), residual disability benefits and optional riders are famous.
10. John Hancock
Always in news with its well innovative policies and commitment to customers with disabilities. John Hancock offers riders designed to give you access to support in the event the insured becomes disabled. If you want to get disabled insurance you should be an eligible disability benefit rider and you should be ready for disabled for a duration at least six conservative months first. If you want to get John Hancock disabled you have to notify first on its official website, then claim requirements and submit requirements and finally receive decisions.
It’s very important to review each company’s specific policies specifically to understand its coverage’s, limitations, and options available to you. You can also speak to a particular nsurance agent to study properly and get the best one which fits your individual needs and circumstance and disability insurance plan that meets your needs and financial goals.
