Policygenius Disability Insurance

Policygenius' agents know that insurance is confusing and full of jargon and unclear pricing. To make the disability insurance shopping experience simple, Policygenius built an easy-to-use tool with clear definitions and a simple interface to guide customers to the best option.

Customers fill in basic information about their age, health, career and coverage needs, and Policygenius gives a quote range for disability insurance policies in less than five minutes. At each step of the questionnaire, Policygenius provides simple definitions for terms that customers may not understand and makes recommendations for coverage options. Policygenius presents the best quotes after scanning 17 trustworthy providers. Some recommended companies may need further information and medical exam results before locking in a specific price.

For any customers who still have questions, Policygenius has a learning center for disability insurance that answers common questions about coverage and cost. Customers can also reach Policygenius representatives by chat, phone or email almost any time of day. They can help you understand your options and help you find the most cost-effective plan for your needs.

Can I trust the disability insurance companies Policygenius recommends?

Yes, all of Policygenius' partners have an excellent reputation for customer service and a long-standing history of financial stability. Policygenius only provides quotes for disability insurance from:

• Ameritas
• Assurity
• Fidelity Security
• Guardian/Berkshire
• Illinois Mutual
• >MassMutual
• MetLife
• Mutual of Omaha
• Northwestern Mutual
• Ohio National
• Petersen International
• Principal Financial Group
• RiverSource
• State Farm
• The Standard
• Thrivent
• Unum

Although not a disability insurance provider, Policygenius' aggregator tool provides customers with coverage options. The tool connects them with the most economical providers with the right amount of coverage. Policygenius allows customers to choose coverage preferences for:

• Waiting period: Instead of a deductible, disability insurance providers require customers to wait for a period of 30, 60, 90, 180 or 365 days before receiving coverage. The shorter the waiting period, the more expensive the plan. Policygenius generally recommends that customers select the 90-day wait period.
• Monthly benefit: If you cannot work, you receive a monthly payout that equals a certain percentage of your pretax income. If you want a higher payout, you need to pay a higher monthly premium. Policygenius allows customers to choose up to 60%, which is the amount the company recommends.
• Benefit period: An injury or health problem can come at any time, so Policygenius recommends choosing a plan that lasts until retirement. However, some customers want the lower premiums that come with limited-time coverage. With Policygenius, customers can choose coverage for two, five or 10 years or until retirement at 65 or 67.
• Riders: Policygenius offers add-ons that increase the price but add further protection. These include:
  • Own occupation disability insurance covers disabled persons if their injury precludes them from working in their specific industry but allows them to work in another.
  • Residual disability policies cover disabilities that inhibit one or more of your occupational duties and result in a significant loss of income.
  • A non-cancelable insurance policy ensures that an insurer cannot cancel, increase premiums of or reduce the benefits of a policy as long as the policyholder continues to pay premiums.
  • Future purchase option allows you to increase your monthly benefit amount annually when your income increases.

Disability insurance bought through Policygenius typically costs between $30 and $700 per month, depending on personal information and coverage needs. In general, people with high coverage and a higher likelihood of becoming disabled pay more than the average. Younger people with healthy living habits and an accident-free career have the lowest rates. In contrast, older, less healthy people with dangerous jobs have higher premiums.

Though age, career and health are not often in your control, you can cut monthly premiums with coverage options. With long waiting periods, low monthly benefits, short benefit periods and minimal riders added, you can significantly lower premiums.

However, cutting out too many benefits could be problematic if you don’t end up getting the coverage that you need. We recommend sticking to middle-ground benefits for generous coverage at a reasonable price.

For those who want affordable disability insurance quotes in less than five minutes, Policygenius is the right choice. Because Policygenius evaluates 17 insurance providers, you have a wide selection of policies with the lowest price points. Customer service representatives are available by online chat, email or phone to answer any questions.