I'm looking into getting Long term disability and life insurance on my husband. Does anyone know of good companies. I know you can get cheaper rates for life insurance online but not sure about disability insurance. Thanks!
Update: My husband is 39 and very healthy. I ended up becoming disabled last year (at 31) so this really scares me. I want to make sure all bases are covered before we start looking into buying a house--and of course because we really need to have insurance any way.
I highly recommend Thrivent Financial. Reps that I would work with would be George Rivera or Tiffany Lewis. Phone # ###-###-####. I don't think anyone can beat their rates. They're EXCELLENT!
I did really extensive research on that in about 1997. At that time, Prudential had a policy that was far and away the best for people in good current health (no cut off amount, no receipts need to be mailed, can leave the country, and annual increases for cost of living. I've been told by my broker that that policy is no longer offered but it holds for previous contracts.
The same may hold true for contracts available now but at a higher rate or less provisions offered later.
I pray your husband isn't sick but do remember not to offer up answers to questions they don't ask. they'll check into your medical history but not everything makes it in there or can be seriously delayed. Big things for most all companies that raise your rates are high blood pressure, heart problems, diabetes, being way overweight, and no doubt, having cancer. some companies get nervous about some illnesses and some don't (like depression, etc)
Make yourself a chart because they aren't easy to compare apples to apples. Have columns for all the different benefits and limitations. You can ask over the phone but they may insist on visiting you and your husband at the house before giving answers.
Get a state or federal brochure about it to teach yourself the terms and pitfalls.
I don't know the best companies besides Prudential now but Genworth is one of them (by GE). Remember to ask the history of i ncreases in payments over the last 7 years. Prudential didn't go up on me until last year and it wasn't bad.
My very professional, warm, available PRU rep is Tom Collica ###-###-####. But he only represents one company of course. But include him. If he can't sell to you, he'll give you a PRU rep in your state.
My general insurance broker doesn't have license to sell policies in other states. They all have their own rules. You may want to post this question just in your local area too for local referrals.
Ask "Google" for the internet for the best LTC companies in your state. Ask your state's insurance board if they can help lead you in the right direction on names of policies that are best, most stable financially, years of business, etc. Do your homework and it will be worth it.
Dave Ramsay always recommends Zander Insurance online.
There is an insurance company called "Zander" that is endorsed by Dave Ramsey the financial guy. Their rates are very competitive and they have a reputation for being honest. You can access them online. Good Luck!
