Home > Blog > Life Insurance > Guardian Physician Disability Insurance Review (Updated 2022)

Guardian Physician Disability Insurance Review (Updated 2022)


The Guardian Life Insurance Company is one of the largest mutual life insurance companies in the world. Originally called Germania Life Insurance, Guardian was founded by a German civil rights lawyer in 1860 who wanted to serve his fellow countrymen living in America (same origin story as The Standard). Less than two years later, Germania Life Insurance had branches all around the country.

Today Guardian Life Insurance is based in New York City, has over 9,000 employees and 29 million customers. They provide life insurance, disability insurance, dental insurance, and other benefits for individuals, at the workplace, and through government-sponsored programs. Although the company is not officially accredited by the Better Business Bureau, Guardian’s Life Insurance page does have several negative reviews that are current and worth reading before considering them as your insurer.

Overall Rating
4.3
out of 5
Financial Strength
5/5
Definition of Disability
5/5
Affordability
3/5
Ease of Applying
3.5/5
Claims Process
5/5
Available Riders
4/5
Guardian Disability Insurance - Policy Summary

Policy Name

Provider Choice

Maximum Monthly Coverage

$30,000

Benefit Periods

2 year, 5 year, 10 year, Age 65, Age 67, Age 70

Elimination Periods

30 days, 60 days, 90 days, 180 days, 365 days, 720 days

Definition of Disability

Base policy provides own-occupation coverage if you are not working in another occupation. True own-occupation coverage is available as an add-on rider.

Base Features

  • Automatic benefit enhancement
  • Hospice care benefit
  • Occupational rehabilitation
  • Presumptive disability
  • Unemployment premium suspension
  • Waiver of premium

Optional Riders

  • Basic or enhanced partial rider
  • Catastrophic disability benefit
  • Cost of living adjustment benefit
  • Future increase option
  • Retirement protection
  • Social insurance substitute
  • Student loan protection
  • Unemployment waiver of premium

If totally disabled, you will receive benefits even if you can work another job.

What Is Guardian Insurance?

The Guardian Life Insurance Company is one of the largest mutual life insurance companies in the world. Originally called Germania Life Insurance, Guardian was founded by a German civil rights lawyer in 1860 who wanted to serve his fellow countrymen living in America (same origin story as The Standard). Less than two years later, Germania Life Insurance had branches all around the country.

Today Guardian Life Insurance is based in New York City, has over 9,000 employees and 29 million customers. They provide life insurance, disability insurance, dental insurance, and other benefits for individuals, at the workplace, and through government-sponsored programs. Although the company is not officially accredited by the Better Business Bureau, Guardian’s Life Insurance page does have several negative reviews that are current and worth reading before considering them as your insurer.

Guardian Physician Disability Insurance Highlights

Guardian’s physician disability insurance is called Guardian Provider Choice. The Provider Choice Premier Package is underwritten and issued by Berkshire Life, a wholly-owned stock subsidiary of Guardian Life. When purchasing disability insurance, it’s important you understand the base policy as well as its features:

Own-Occupation

Own-occupation is whether an insurance company agrees if you are disabled and entitled to benefits, or not. For example, if you are a nurse but can no longer work as a nurse but can work in another role, some insurance companies will pay you disability benefits and some won’t.

Guardian has one of the best definitions of own-occupation for physician disability insurance. At Guardian, if you are totally disabled, you will still receive full benefits even if you are gainfully employed in another occupation. In addition, you may be able to collect full benefits even if you can still practice your own specialty, but in a limited capacity due to a disability. Guardian considers you totally disabled if more than 50% of your income is from either hands-on patient care or surgical procedures and you can no longer perform those duties or procedures due to injury or illness.

Non-Cancellable & Guaranteed Renewable

A non-cancellable disability insurance policy means the insurance company can’t cancel, increase your premiums or reduce your benefits as long as you pay the premiums. The policy at Guardian is non-cancellable and guaranteed renewable to either age 65 or 67.

Benefit Period

The benefit period determined what age the insurance company will stop paying your benefits. For example, if you become disabled at age 45, some insurers will pay out your benefits until age 65, some until age 70, some let you choose, etc. It all depends on the company you decide to buy your policy with. At Guardian, you can purchase benefit period coverage for up to ages 65, 67 and 70. You can also elect 10-year, 5-year, and 2-year benefit periods.

Elimination Period

The elimination period in a disability insurance contract is the length of time between your injury or illness began, and the time the insurance company starts making payments. Guardian’s physician disability is available with the following elimination periods:

  • 30-day
  • 60-day
  • 90-day
  • 180-day
  • 360-day
  • 720-day

Mental Disorders

Guardian does not have any mental or nervous limitations for most medical specialties in states other than California and Florida. Certain specialties do have a 24-month limitation on benefits for mental disability claims, including anesthesiologists, anesthetists (MD, DO & CRNA), emergency room physicians, and pain management physicians.

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riders

Guardian Physician Disability Insurance Riders

A rider is an optional provision within the disability insurance contract that provides extra benefits or flexibility depending on your situation. Most riders come with an added cost, but it depends on the insurer.

Cost-of-living Adjustment (COLA) Rider

A COLA rider is meant to match your benefits with the rate of inflation. Guardian’s Provider Choice disability insurance has 3 cost-of-living adjustment riders available:

  • Increase benefits by a guaranteed 3% compounded annually
  • Increase benefits based on the Consumer Price Index, with a minimum 3% and a maximum of 6% annually
  • The last option delays COLA increases until the fourth anniversary of your disability, with benefits increases thereafter by 3% annually on a compound basis.

There is no cap on Guardian’s COLA Rider. Once disability benefits end, increases of $300 or more will be added to the policy’s monthly benefit without additional premium.

Residual Disability Rider

Guardian offers two types of residual disability riders:

Basic

  • A loss of earnings of at least 20%; AND
  • You are able to perform some, but not all, of the substantial and material duties of your occupation; OR
  • You cannot work full time
  • You’ll be paid 100% of your policy’s monthly benefit for total disability if your loss of earnings exceeds 75%
  • An amount proportional to your loss of pre-disability income if it’s under 75%
  • A minimum of 50% of your policy’s monthly benefit for total disability for the first six months of residual disability

Enhanced

Under the enhanced rider, to be considered residually disabled, you must incur a loss of earnings of at least 15%. You will be paid the following benefits under the rider:

  • During the first 12 months of partial disability, the monthly benefit is equal to the loss of income not to exceed the maximum monthly benefit, with a minimum of 50% of the monthly benefit for total disability.
  • A loss of 75% or more of prior income will be considered a loss of 100%

Ready to go with Guardian? Click here to have our in-house specialist walk you through the purchase AND save you 30% on your premium!

alternatives

Guardian Physician Disability Insurance Alternatives

Guardian Life isn’t the only insurance company out there that specializes in physician mortgage insurance. Here are some alternatives that LeverageRx suggests you check out.

MassMutual

MassMutual has a great COLA rider which guarantees an increase to the benefit every year. By the 6th year, the MassMutual COLA rider increases the payout by 16%! That said, their own-occupation is weak. If you can work at all, then MassMutual pay not pay you full benefits.

Learn More: MassMutual Disability Insurance Review

Ohio National Disability Insurance

Ohio National has a stricter definition of own-occupation. The rider for their policy says the physician or dentist who got injured or ill must be under the care of a physician in order to receive total disability benefits.

Learn More: Ohio National Disability Insurance Review

The Standard

The Standard’s disability insurance product for physicians and dentists is called Platinum Advantage. It offers a maximum benefit period is to age 67, and they have a generous definition of total disability. Overall, this is a middle-of-the-road option.

Learn More: The Standard Disability Insurance Review

Not sure which riders you need?

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takeaways

Is Guardian Disability Insurance Right for you?

It’s tough to read through insurance policies and understand what they mean, let alone which one you should buy. LeverageRx has an in-house specialist with over 10 years experience who will answer your questions for free. To schedule a call with him, fill out this form and he will be in touch. In the meantime, here is an overview of what is included in Guardian’s base policy:

Automatic Benefit Enhancement. This rider provides an automatic 4% compounded increase in the base monthly benefit. It’s renewable every six years if you are not disabled. Refusal of two consecutive increases forfeits any future increases and the rider terminates.

Benefit Purchase Option. The insured must purchase at least 75 percent of eligible benefits at the time of policy issue for this no-cost rider to be added to the policy. With the rider, you have the option to purchase additional coverage every three years up to age 55 with evidence of financial eligibility.

Catastrophic Disability Rider. This rider provides additional benefits in the event you are unable to perform at least two of the six activities for daily living, or you require “substantial supervision due to severe cognitive impairment.”

Hospice Care Benefit. Waives the elimination period if you are under a physician-ordered plan of care for hospice services.

Serious Illness Supplemental Benefit. If you are totally disabled due to cancer, stroke, or heart attack an additional benefit, equal to 50 percent of the monthly benefit, will be payable for a maximum of 12 months during the life of the policy.

Student Loan Protection. The student loan rider provides reimbursement of student loan payments while the insured is totally disabled. Coverage is available for a period of 10 or 15 years from the policy date. When a qualifying total disability occurs, benefits are only payable for the remaining portion of the 10 or 15-year term that has not elapsed.

massmutual-physician-disability-insurance_zalsic
The Standard Logo
Our Rating
A.M Best Rating
A++
A+
A
Own Occupation
Company Type
Mutual
Mutual
Stock
Maximum Monthly Coverage
$30,000
$20,000
$30,000
Non-Cancelable
Rating: 4.3/5.0
  • Legal Name:The Guardian Life Insurance Company of America
  • Year Founded:1860
  • Headquarters:New York, New York
  • CEO:Andrew McMahon
  • AM Best Rating:A++
  • Ownership Structure:Mutual
  • Distribution Channels:Captive and independent
  • Fortune 500/1000:226
  • Insurance Products Offered:Life, disability, dental, vision, accident, critical illness, cancer, hospital indemnity, annuities and investments

Compare rates from Guardian and other top disability insurance companies.

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Who Offers Disability Insurance for Physicians?

Filter
7 companies match your search
States
BBB Rating
A.M. Best Rating
Corporate Structure
Company
A.M. Best Rating
Definition of Disability
Future Increase Option
Residual Benefit
States Available In
AMA
A.M. Best Rating N/A
Definition of Disability N/A
Future Increase Option N/A
Residual Benefit N/A
States Available In Available in 55 states. (View States)
States Available
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Canal Zone
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Guam
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Puerto Rico
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virgin Islands
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
Ameritas_Logo_mqinpj Ameritas
A.M. Best Rating A
Definition of Disability Own-Occupation Definition
Future Increase Option Available annually to age 55
Residual Benefit Requires 15% loss of income
States Available In Available in 51 states. (View States)

Ameritas Life is as reputable as any name in the insurance industry. However, it’s actually a newcomer to the disability insurance space in comparison to its competitors. DInamic Foundation is its best disability insurance product for doctors. Policies are underwritten and issued by Union Central Life, its wholly-owned subsidiary.

Ameritas features a true own-occupation definition of disability. This provision benefits you if an accident or illness prevents you from practicing your specialty.

DInamic Foundation requires you to choose between non-cancelable coverage and guaranteed renewal. The maximum benefit period available is to age 70. Ameritas offers basic and enhanced residual disability riders. It also offers two different COLA riders.

    Pros
  • True own-occupation provision.
  • Lowest premium amount.
  • Two COLA rider and residual disability options.
  • Various add-ons such a good health benefit, presumptive total disability benefit, COBRA premium benefit, partial disability benefit, and non-disabling injury benefit.
    Cons
  • Slower customer service.
  • Lowest maximum policy benefit: $20,000 per month.
  • Must choose between non-cancelable coverage and guaranteed renewal.
  • For certain occupation classes, the own-occupation provision is only available for five years.
States Available
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
Guardian
A.M. Best Rating A++
Definition of Disability Own-Occupation Definition
Future Increase Option Available annually up to age 55
Residual Benefit Requires 15% loss of income
States Available In Available in 50 states. (View States)

As one of the largest, most trusted mutual insurance companies in America, Guardian Life is the Cadillac of its industry. Its disability insurance product, ProVider Choice, is a great fit for doctors. Policies are underwritten and issued by Berkshire Life, a wholly-owned stock subsidiary.

According to Guardian, total disability occurs when injury or illness prevents you from performing your occupation. For doctors, more than half of your income must come from hands-on patient care or surgical procedures to qualify.

Guardian’s true own-occupation definition of disability guarantees full benefits. It still applies if you’re able to maintain gainful employment in another occupation. In fact, you may be able to benefit if you can still practice your specialty with major limitations.

Coverage is non-cancelable and guaranteed renewable to age 70. You may elect 10-year, five-year and two-year benefit periods. Guardian offers 30-day, 60-day, 90-day, 180-day, 360-day and 720-day elimination periods.

Unlike other providers, Guardian features three cost-of-living adjustment (COLA) rider options. As for residual disability, Guardian offers both basic and enhanced partial riders.

    Pros
  • True own-occupation provision.
  • Highest COMDEX score: 99.
  • Highest maximum policy benefit: $20,000 per month.
  • Simplified underwriting for up to $7,500.
  • Various options for benefit and elimination periods.
  • Various options for COLA and residual disability riders.
  • Various add-ons such as an automatic benefit enhancement, benefit purchase option, catastrophic disability rider, hospice care benefit, serious illness supplemental benefit and student loan protection.
    Cons
  • Highest premium amount.
  • No presumptive total disability benefit.
States Available
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
massmutual-physician-disability-insurance_zalsic MassMutual
A.M. Best Rating A++
Definition of Disability Own-Occupation Definition
Future Increase Option Available annually up to age 55
Residual Benefit Requires 15% loss of income
States Available In Available in 50 states. (View States)

MassMutual has been a mainstay in the insurance game since 1851. MassMutual offers two disability insurance products, Radius and Radius Choice. Both feature provisions and add-ons that allow you to customize your coverage to meet specific needs. MassMutual helps you protect your income and retirement without relinquishing payment control.

MassMutual features a true own-occupation definition of disability. However, the provision is not part of your base policy. You must purchase it as an additional rider. With this provision in place, ‘total disability’ occurs when you cannot perform the main duties of your occupation. This requires you to be under a physician’s care.

Both Radius and Radius Choice are non-cancelable and guaranteed renewable to age 65. Radius is conditionally renewable for life, while Radius Choice is only until age 74. Both policies have benefit periods available to ages 65 and 67, as well as two years, five years and 10 years. Radius Choice also offers a maximum benefit period to age 70. Both policies offer elimination periods of 60 days, 90 days, 180 days, one year and two years.

MassMutual offers one cost-of-living adjustment (COLA) rider. After your first year of disability, your monthly benefit increases by a set percentage each year. MassMutual offers one option with basic criteria that increases your chance of qualifying.

    Pros
  • True own-occupation provision.
  • Various add-ons such as an automatic benefit enhancement, catastrophic disability rider, future increase option, presumptive total disability benefit and student loan protection.
    Cons
  • Own-occupation provision sold separately.
  • Only one COLA rider and residual disability rider option.
  • No benefit purchase option, hospice care benefit or serious illness supplemental benefit.
States Available
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
Ohio_National_Disability_vvtk3o-thumb Ohio National
A.M. Best Rating A+
Definition of Disability Own-Occupation Definition
Future Increase Option Available annually to age 60
Residual Benefit Requires 15% loss of income
States Available In Available in 38 states. (View States)

Ohio National’s disability insurance product is relatively new to the market. Still, it’s among the best money can buy. ContinuON Income Solutions II allows you to customize your coverage without losing control of premium expenses.

Ohio National offers its true own-occupation provision as a rider. Regardless of occupation class, it does not come with your base policy. With Ohio National, total disability occurs when you’re unable to perform the material and substantial duties of your specialty. To qualify, you must be under the care of a physician.

ContinuON Income Solutions II is guaranteed renewable on an annual basis. Coverage is non-cancelable as long as you consistently pay on time. Benefits periods include age 65, 67 and 70. Two-year, five-year and 10-year benefit periods are also available. Ohio National offers 60-day, 90-day, 180-day and one-year elimination periods.

Ohio National offers both a 3% and a 6% COLA rider. Policyholders may elect the basic or enhanced residual disability rider.

    Pros
  • True own-occupation provision.
  • Excellent customer service.
  • Various add-ons such as a hospice benefit, survivor benefit and recurrent disability benefit.
    Cons
  • Lowest physical and labs limit means simplified underwriting is only allowed for up to $3,000 per month.
States Available
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Nebraska
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
Principal Logo Principal
A.M. Best Rating A+
Definition of Disability Own-Occupation Definition
Future Increase Option Future Increase Option
Residual Benefit Requires 20% loss of income
States Available In Available in 50 states. (View States)

Principal Life is among the most competitive providers in the disability insurance market. HH750 is an excellent option for doctors seeking a top-shelf disability insurance product. It features a wide variety of options that afford you maximum flexibility.

Principal Life is among the most competitive providers in the disability insurance market. HH750 is an excellent option for doctors seeking a top-shelf disability insurance product. It features a wide variety of options that afford you maximum flexibility.

Principal offers both a true own-occupation and a modified own-occupation provision. A true own-occupation provision is the best bet for highly-skilled individuals like doctors. You benefit if you become unable to perform the material and substantial duties of your specialty. It still applies if you can maintain gainful employment in a different occupation.

Modified own-occupation is a watered-down version of the former. Frankly, it’s only feasible if you’re cost is a concern. The definition of disability is the same, but you will not benefit if you can fulfill another occupation. Either way, both provisions are available as part of your base policy. You do not have to purchase an additional rider.

HH750 is non-cancelable and guaranteed renewable to age 65. Benefit periods are available to ages 65, 67 and 70, and for two years and five years. Principal features 30-day, 60-day, 90-day, 180-day and one year elimination periods.

Principal offers one cost-of-living adjustment (COLA) rider. After selecting a maximum benefit between 3-6%, it increases on a compound basis. Principal also offers one partial residual disability rider.

Modified own-occupation is a watered-down version of the former. Frankly, it’s only feasible if you’re cost is a concern. The definition of disability is the same, but you will not benefit if you can fulfill another occupation. Either way, both provisions are available as part of your base policy. You do not have to purchase an additional rider.

HH750 is non-cancelable and guaranteed renewable to age 65. Benefit periods are available to ages 65, 67 and 70, and for two years and five years. Principal features 30-day, 60-day, 90-day, 180-day and one year elimination periods.

Principal offers one cost-of-living adjustment (COLA) rider. After selecting a maximum benefit between 3-6%, it increases on a compound basis. Principal also offers one partial residual disability rider.

    Pros
  • True and modified own-occupation provisions.
  • Advisor’s Choice Award for advisor support.
  • Available to those who only work 20 hours a week.
  • Simplified underwriting for up to $6,000 per month.
  • Various add-ons such as a benefit update rider, catastrophic disability rider, future benefit increase rider, presumptive total disability benefit, and serious illness benefit.
    Cons
  • The modified own-occupation provision can be misleading. It can save you money now, but you will not receive as strong of benefits as true own-occupation.
States Available
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
The Standard Logo The Standard
A.M. Best Rating A
Definition of Disability Own-Occupation Definition
Future Increase Option Available annually up to age 55
Residual Benefit Requires 20% loss of income
States Available In Available in 50 states. (View States)

The Standard is among the largest, most trusted providers in the disability insurance space. The company has several options, but Platinum Advantage is the most beneficial for doctors. It features built-in provisions and additional riders that maximize income protection.

The Standard’s true own-occupation definition of disability is available as an additional rider. With this provision in place, ‘total disability’ occurs when you are unable to perform the substantial and material duties of your specialty. You must also be under the care of a physician to qualify.

Platinum Advantage is guaranteed renewable to age 67. To make your policy non-cancelable, you must purchase an additional rider. Benefit periods are available to ages 65 and 67, as well as two years, five years and 10 years. Elimination periods of 60 days, 90 days, 180 days and one year are available.

The Standard offers one cost-of-living adjustment (COLA) rider. After selecting a maximum benefit between 3-6%, it increases annually on a compound basis according to the Consumer Price Index. The Standard offers a basic residual disability rider.

    Pros
  • True own-occupation provision.
  • Wide variety of options and strong coverage guarantee.
  • No-cost riders and benefits, such as the family care benefit.
  • Various add-ons such as an automatic increase benefit rider, benefit increase rider, catastrophic disability rider, family care benefit, premium waiver benefit, presumptive total disability benefit, student loan rider and survivor benefit.
    Cons
  • Own-occupation and non-cancelable riders sold separately.
  • Only one COLA rider and residual disability rider option.
  • Lowest COMDEX score: 79.
States Available
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
No companies match your search.