Illinois Mutual disability insurance review 2022

The insurer’s Personal Paycheck Power policy offers basic benefits and rare riders for individuals.

  • Consider Illinois Mutual if… you want to customize your long-term disability insurance policy.
  • Look elsewhere if… you’re in the market for an individual short-term policy.


Short term disability


Long term disability


Benefit period 6 months, 1, 2, 5 or 10 years, or until age 67
Waiting period 30, 60, 90, 180, 365 or 730 days
Coverage amount $12,000 a month
Individual credit
Available states All 50 states
Policy riders Yes
Simplified issue No


  • Customizable coverage.
  • Offers a return of premium rider.
  • Financial strength.
  • On- and off-job coverage.


  • Not nationwide.
  • Claims process.

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).

Expert review

Illinois Mutual’s Paycheck Power Policy has the standard policy provisions — but it stands out for its unusual riders. These include a return of premium rider and an add-on that treats mental health conditions as a disability.

While the insurer’s offering is solid, if you’re looking for a short-term policy, you’ll need to compare disability insurance companies.

Built-in benefits

These benefits are baked into the Personal Paycheck Power policy:

  • Guaranteed renewability. The policy is open to anyone aged 18 to 60, and renewable until age 67 — as long as you pay your premiums on time.
  • Partial disability benefit. Pays benefits for up to six months if an injury or illness causes a partial disability.
  • Presumed total disability benefit.Classifies you as totally disabled and pays the full benefit if you lose your sight, hearing, speech, hands or feet.
  • Recurrent disability benefit. Waives the elimination period if you suffer from another disability due to the same or related cause as the first, within six months of returning to work full time.
  • Waiver of premium.Pauses your premiums while you’re totally or residually disabled.

Other benefits

These built-in benefits may affect your decision:

  • Retraining or home modification benefit. Covers the cost of tuition or equipment if you need to learn new skills or modify your home due to a disability.
  • Organ donor benefit. Pays benefits if you’ve had your policy for at least six months and suffer a disability as a result of transplant surgery.
  • Survivor income benefit. If you die during a claim, this pays a lump sum to your beneficiaries equal to four times your monthly benefit.
  • Suspension of disability during unemployment benefit. Allows you to suspend your policy once over 24-months if you’re unemployed and receiving government benefits.

Available riders

Depending on your policy, you may be able to customize your coverage with these riders:

  • Non-cancelable policy rider. If you add this rider to your policy, the insurer can’t change your premiums or cancel your policy up to age 67.
  • Residual benefit rider. Pays a monthly benefit if you lose at least 20% of your income due to a disabling accident or illness.
  • Return of premium riders. Reimburses 100% of the premiums you paid — minus any benefits received — if you cancel your policy between the age of 65 and 67.
  • Retroactive injury benefit rider. Pays benefits if you become totally disabled within 30 days of an injury.
  • Guaranteed insurability option (GIO) rider. Allows you to purchase additional coverage five times before you turn 55 — without proving you’re in good health.
  • Automatic increase benefits riders.Boosts the monthly benefit by 3% once a year for five years.
  • Unique riders

    Illinois Mutual stands out for offering rarer riders, including:

    • Full benefits for mental or nervous disorders, alcoholism or drug abuse. Deletes the exclusion for these conditions, and treats them in the same way as any other sickness.
    • Activities of daily living (ADLs) riders. Pays an additional benefit if you can’t perform two of the six ADLs on your own. These include simple tasks like getting dressed and going to the bathroom.
    • Integrated monthly benefit rider. Also known as a social insurance supplement (SIS) rider, this isn’t a true benefit. It deducts any payments you’re receiving from social insurance from your monthly disability benefit payout.
    • Cost of living adjustment (COLA) rider. Adjusts the monthly benefit to align with inflation.
    • Own occupation extension rider. Extends the “own occupation” period from 24 months to longer, often five or 10 years.

    Illinois Mutual disability insurance for businesses

    The insurer offers a Business Expenses Power policy, which reimburses business owners who get ill or injured and can’t cover fixed expenses. These may include lease or rent payments, maintenance costs, utilities and payroll.The premiums are typically tax deductible, and the policy is guaranteed renewable until age 67.

    Pros and cons of Illinois Mutual disability insurance


    • Customizable coverage. Illinois Mutual has a long list of riders, including rare ones — such as a rider that treats mental health conditions in the same way as other illnesses.
    • Offers a return of premium rider. You can opt into this rider, which reimburses the premiums you paid if you decide you no longer want disability coverage.
    • Financial strength. The insurer has an A- (Excellent) rating with AM Best, which means it has the funds to pay claims in the foreseeable future.
    • On- and off-job coverage. Whether you suffer a disability at work or at home, you’ll be eligible to receive benefits.


    • Not nationwide. Illinois Mutual’s policies aren’t available in Alaska, California, Hawaii, New York or the District of Columbia.
    • Claims process. There isn’t a dedicated claims number — to file a claim, you’ll need to send an email.

    Compare alternatives to Illinois Mutual

    Name Product Coverage Amount Benefit period Waiting period Own Occupation Medical exam required
    Policygenius Disability Insurance
    $100 to $20,000
    2, 5, or 10 years or until age 65 or 67
    60 - 365 days
    Depends on provider
    Get matched with one of 15 top life insurance companies to find the best coverage and rates for you.
    JRC Life Insurance
    $500 to $20,000
    2 year to lifetime
    30 - 365 days
    Compare policies up to $10 million from 45+ top insurance companies with the click of a button.
    $500 to $20,000
    1, 2, 5, or 10 years or until age 65 or 67
    30 - 365 days
    Secure long-term disability insurance online by filling out an easy 10-minute application, even if you're a high income earner.

    Compare up to 4 providers

    Illinois Mutual disability insurance reviews and complaints

    Illinois Mutual has been accredited with the Better Business Bureau (BBB) since 1943, and it holds an A+ rating for its customer interaction, as of October 2020. The BBB has only recorded one complaint in the last three years — and it applied to life insurance, not its disability insurance.

    The insurer has a complaint ratio of 0.0 with the National Association of Insurance Commissioners (NAIC). This is below the national average of 1, which means Illinois Mutual has received less complaints than many of its competitors.

    How do I apply for Illinois Mutual disability insurance?

    You’ll need to speak to a local agent. To get in touch with one, follow these steps:

  1. On the homepage, click onProducts & Disability Income Insurance.
  2. Click Request an Agent.
  3. Enter your contact details and tap Submit.

A rep will contact you via phone or email within two business days.

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