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LeverageRX disability insurance review 2020

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Compare disability insurance for doctors with this online broker.

  • Consider LeverageRx if… You want advice that’s tailored to medical professionals.
  • Look elsewhere if… You’d prefer to compare a wider range of carriers.

No

Short term disability

Yes

Long term disability

Details

Benefit period 1, 2, 5, or 10 years or until age 65 or 67
Waiting period 30 - 365 days
Coverage amount $100 to $20,000+
Individual credit
Available states All 50 states
Policy riders No info available
Simplified issue No

Pros

  • Specialized service and advice
  • High caliber of carriers
  • Paired with an advisor
  • Well-rounded view of its carriers

Cons

  • No online quotes
  • Limited list of insurers

Expert review

Katia Iervasi

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

Designed for doctors and medical professionals, LeverageRX offers a convenient way to compare policies from big-name disability insurers. The broker stands out for offering specialized advice and pairing customers with an advisor that can answer any questions they may have about coverage.

But it works with a limited number of insurers, so it’s worth comparing disability insurance companies on your own, too.

How does LeverageRX disability insurance work?

LeverageRX is a marketplace that’s designed to help doctors find disability insurance policies, among other financial products. The broker works with a range of big-name insurers, and gives its customers access to licensed insurance experts.

As a medical professional, you can ask for advice in choosing your coverage and compare policy features online.

Must-have disability insurance policy features

LeverageRX suggests all doctors should look for a disability policy with these features and riders:

  • An own-occupation disability policy
  • A residual or partial benefits rider
  • A catastrophic disability rider
  • A cost of living adjustment rider
  • A student loan benefit rider

LeverageRX disability insurance reviews and complaints

LeverageRX has been in business for four years, but it isn’t yet accredited with the Better Business Bureau (BBB). However, the BBB awards it an A+ rating for its customer interaction, as of October 2020.

On Trustpilot, the broker earns 4.6 stars based on 48 reviews. The reviews are overwhelmingly positive, with customers praising the expertise and efficiency of LeverageRX’s team.

Which disability insurance companies does LeverageRX work with?

LeverageRX partners with major players in the disability insurance game, including Principal, The Standard, MassMutual, Guardian, Ameritas and Ohio Financial Services.

Company ratings

There are several agencies that assess insurers’ financial strength and customer engagement and satisfaction. All of the carriers LeverageRX works with boast top ratings with AM Best, which means they have the money to pay out monthly benefits.

Company AM Best Better Business Bureau J.D. Power
Principal A+ A+ N/A
The Standard A A+ N/A
MassMutual A++ B- 3 out of 5
Guardian A++ A+ 3 out of 5
Ameritas A+ A+ N/A
Ohio Financial Services A A+ N/A

Pros and cons of LeverageRX disability insurance

Pros

  • Specialized service and advice. The platform is tailored to doctors and medical professionals.
  • High caliber of carriers. The insurers LeverageRX partners with are financially strong with solid customer reputations.
  • Paired with an advisor. When you get to the quote stage, you’ll be connected to a disability insurance advisor who will walk you through your options.
  • Well-rounded view of its carriers. The broker highlights the pros and cons of each insurer it works with.

Cons

  • No online quotes. To compare carriers and rates, you’ll need to speak to an advisor.
  • Limited list of insurers. LeverageRX works with an impressive but small number of insurers.

How do I sign up for LeverageRX disability insurance?

You can start the process online. These are the steps:

  1. Go to the LeverageRX website. On the homepage, click For individuals, then Disability insurance.
  2. Select your gender and medical specialty, and enter your annual income. Click Get a free quote.
  3. Fill out details about your career, including where you’re employed and how long you’ve been practicing. Click Next.
  4. Enter your personal and contact information, and answer basic questions about your health and tobacco use. Click Next.
  5. Using the interactive calendar, schedule a meeting with a disability insurance advisor. The advisor will explain your coverage options and help you to find a policy that suits your needs and budget.

Compare disability insurance companies

Data indicated here is updated regularly
Name Product Coverage Amount Benefit period Waiting period Own Occupation Medical exam required
Prudential disability insurance
Short-term: $100–$3,000
Long-term: $300–$6,000
Short-term: 3, 6 or 12 months
Long-term: Up to ages 65, 67, or 70, or 2 or 5 years
Short-term: 30, 60 or 90 days
Long-term: 90, 180 or 365 days
No
Yes
MassMutual disability insurance
Not listed
2, 5 or 10 years or up to age 65, 67 or 70
60, 90, 180, 365 or 730 days
Yes
Yes
Guardian disability insurance
$500 to $20,000
2, 5 and 10 years to age 65, 67 and 70
30, 60, 90, 180, 365 or 720 days
Yes
Yes
Principal disability insurance
$400 to $20,000
Up to ages 65, 67, or 70, or 2 or 5 years
30, 60, 90, 180 or 365 days
No info available
Yes
Mutual of Omaha disability insurance
Simplified issue: $300–$4,000
Short-term: $300–$5,000
Long-term: $300– $20,000
Simplified issue: 12, 24 or 36 months
Short-term: 3, 6, 12 or 24 months
Long-term: 2, 5, or 10 years, or to age 65 or 67
Simplified issue: 30 days (injury) or 90 days (sickness)
Short-term: 0 (accident), 7, 14, 30, 60 or 90 days
Long-term: 60, 90, 180 or 365 days
No info available
No
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