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finder.com’s rating: 4.0 / 5.0
★★★★★
No
Short term disability
Yes
Long term disability
Benefit period | 1, 2, 5 and 10 years, and to age 65 or 67 |
---|---|
Waiting period | 30, 60, 90, 180 or 365 days |
Coverage amount | $500–$20,000 |
Individual credit | |
Available states | Not available in New York |
Policy riders |
No info available |
Simplified issue | No |
Review by
Katia Iervasi is a staff writer who hails from Australia and now calls New York home. Her writing and analysis has been featured on sites like Forbes, Best Company and Financial Advisor around the world. Armed with a BA in Communication and a journalistic eye for detail, she navigates insurance and finance topics for Finder, so you can splash your cash smartly (and be a pro when the subject pops up at dinner parties).
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 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.
Assurity is accredited with the Better Business Bureau and has an A+ rating for customer service, as of October 2020. 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.
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.
Agency | Rating |
---|---|
A.M. Best | A- (Excellent) |
Moody’s | N/A |
Standard & Poor’s | N/A |
Fitch | N/A |
J.D. Power | N/A |
Start the process online. These are the steps:
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.
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.
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Our experts analyze disability insurance companies to help you find the best income protection policy for you.
We assess each company’s financial strength and customer satisfaction, as well as policy features, benefit and elimination periods and available riders. We then give each insurer a score between one and five stars that reflects available options and industry reputation.