Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

Assurity disability insurance review 2020

Last updated:  

The insurer’s flagship product, Century+, caters to all Americans with broad occupation classes.

  • Consider Assurity if… You want long-term disability insurance, and work in a gray- or blue-collar occupation.
  • Look elsewhere if… You need short-term disability insurance, or want to apply for coverage online.

18 to 85

Issue Age

$25,000 to $10,000,000

Coverage

Details

Benefit period1, 2, 5 and 10 years, and to age 65 or 67
Waiting period30, 60, 90, 180 or 365 days
Policy Riders OfferedYes

Expert review

Katia Iervasi

Review by


Katia Iervasi is a writer from Sydney, Australia. Her writing — and curiosity — has taken her around the world, and she now calls New York home. With a journalistic eye for detail, she navigates insurance and finance for Finder, so you can splash your cash smartly (and be a pro when the subject pops up at dinner parties).

Expert review

Assurity stands out for its broad occupation classes and covering a wide range of health- and work-related risks. But its financial ratings aren’t as strong as its competitors, and you’ll have to add non-cancelability to your policy for an extra fee.

To get the best possible policy, compare disability insurance companies.

Assurity’s disability insurance for business owners

Assurity offers business overhead expense (BOE) coverage, a type of disability insurance for businesses. As a business owner, if you’re unable to work due to a disability, your BOE policy will kick in to cover the lease, payroll and company-related expenses.

Built-in benefits and available policy riders

Built-in benefits

  • Presumptive total disability. Waives the elimination period if you lose your sight, hearing, speech, hands or feet. You’ll get your full benefit — whether you’re employed at the time or not.
  • Waiver of premium. Once your claim is approved your premiums will be dropped.
  • Home modification benefit. Pays an additional benefit if you need to modify your home to cater to your disability.
  • Organ donor benefit. Assurity will pay benefits if you become disabled after transplant surgery.
  • Vocational rehabilitation benefit. If you voluntarily participate in a vocational rehabilitation program, you’ll receive an extra benefit.
  • Survivor benefit. Pays a lump sum to your beneficiaries if you die during a claim.

Riders

  • Residual disability benefit. Pays a partial benefit if you’re able to return to work on a limited or part-time basis after a disability.
  • Guaranteed insurability. Allows you to increase your coverage on an annual basis to match your income.
  • Catastrophic disability benefit. Pays an additional monthly benefit if you’re severely disabled and can’t perform two of the six activities of daily living (ADLs).
  • Critical illness benefit. If you’re diagnosed with a serious illness listed on your policy, Assurity will pay an extra benefit.
  • Automatic benefit increase. Boosts your monthly benefit by 5% every year until your benefit has doubled, to keep up with inflation.
  • Non-cancelable. Ensures your premium remains the same.

Assurity disability insurance reviews and complaints

Assurity is accredited with the Better Business Bureau and has an A+ rating for customer service. There are no customer reviews on the site and three complaints, which is a good sign given the size of the company. During business hours, the insurer aims to answer 90% of calls within 30 seconds.

Assurity’s financial strength

An insurer’s financial strength is important because you might not file a claim for many years. Assurity scores an A- (Excellent) rating from AM Best, which is the fourth-highest rating the agency awards. It currently manages $2.6 billion in assets, so it’s likely to have the resources to pay claims.

AgencyRating
A.M. BestA- (Excellent)
Moody’sN/A
Standard & Poor’sN/A
FitchN/A
J.D. PowerN/A

Compare alternatives to Assurity

Updated April 6th, 2020
Name Product Waiting period Benefit period
Policygenius Disability Insurance
60 - 365 days
2, 5, or 10 years or until age 65 or 67
Get matched with one of 15 top life insurance companies to find the best coverage and rates for you.
Breeze
30 - 365 days
1, 2, 5, or 10 years or until age 65 or 67
This startup offers some of the most riders and benefits backed by an established underwriter.
LeverageRx
30 - 365 days
1, 2, 5, or 10 years or until age 65 or 67
LeverageRx is a digital lending and insurance marketplace exclusively for medical professionals.
loading

Compare up to 4 providers

How do I sign up for Assurity disability insurance?

Start the process online. These are the steps:

  1. On Assurity’s homepage, click Get a Quote.
  2. Choose Century+ Disability Income.
  3. Enter your state, age, gender and whether you use nicotine products.
  4. Select your occupation from the dropdown list.
  5. Type in your monthly income.
  6. The system will generate a range of quotes. If you see one you like, click on it.
  7. A list of coverage options will pop up, and you can opt in or out of various riders. Your premium price might change as a result.
  8. Enter your full name and contact details, and a local agent will get in touch within one to two business days.

If you want to skip the quote and speak directly to an agent, call 800-869-0355 between Monday to Thursday, 7 a.m. to 6.30 p.m. and Friday, 7 a.m. to 5 p.m.

More about Assurity

Assurity is a mutual life insurance company specializing in life and disability insurance as well as annuities. Headquartered in Lincoln, Nebraska, it was formed in 2007 through a merger of three companies: Modern Woodmen Accident and Life, Security Financial Life and Lincoln Direct Life. It sells policies through a network of independent agents.

In 2015, Assurity became a Certified B Corp — and is the largest insurance company to do so. Its business practices are guided by sustainability and environmental ethics, and it’s committed to giving back to the community.

Frequently asked questions

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site