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Assurity Disability Insurance Review


ConsumersAdvocate.org Rating: 4 / 5 (Excellent)
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Founded in 1890, Assurity Life Insurance Company is a mutual insurance corporation headquartered in Lincoln, Nebraska. The organization sells individual and worksite insurance plans through a network of independent brokers, issuing such policies as life, disability income, critical illness, and accidental death insurance as well as annuities.
 
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How is Assurity rated?

Breakdown

4.8/5
Policies & Coverage
3.0/5
Flexibility
4.0/5
Financial Strength
4.0/5
Reputation & Customer Experience

Overall Rating: 4 / 5 (Excellent)

Assurity sells both long and short-term disability policies that can be customized through a great selection of benefit and elimination period options and additional plan riders. Those familiar with the insurance industry may already know insurers tend to provide scant coverage details and limited information on benefits due to the variable nature of their products and their underwriting guidelines. However, Assurity is surprisingly straightforward about their policy features and provides more coverage options and details than other competitors. Those looking for a company that upholds ethical business practices and offers a great selection of straightforward, customizable plans should look into what Assurity has to offer.

Assurity Policies & Coverage

Policies & Coverage - 4.8 / 5

Assurity Life Insurance Company offers long and short-term disability income policies for worksites and individuals. Their plans can be customized through several elimination period options and can protect a policyholder's income from illness or injury for anywhere from 6 months to 10 years. Policy features and riders vary by state and occupation, yet most include excellent built-in benefits like funds for vocational rehabilitation and home modification and are guaranteed renewable with a waiver of premium option. The company fails to provide details about plan exclussion or limitations, yet prospective customers can obtain a no-obligation quote through their website. Unlike most disability insurance carriers, Assurity offers coverage for firefighters and police officers.
Policy Types
Short-Term
Individual
Group
Policy Features
Home Modification Benefit
Rehabilitation Benefit
Survivor Benefit
Guaranteed Renewable
Waiver of Premium
Elimination Period
30, 60, 90, 180 or 365 days
STD Maximum Monthly Benefit
$3,000
Short-Term Benefit Period
6 months, or 1 or 2 years
Long-Term Benefit Period
1, 2, 5 or 10 years
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Assurity Flexibility

Flexibility - 3 / 5

Assurity's disability income insurance policies are truly customizable and can be tailored to the needs of individual consumers through a good list of optional riders, available at an additional cost. Like plan features, riders vary by state and occupation, yet may include such options as critical illness, retroactive injury, and return of premium, among others.

Available Policy Riders

Future Increase
Cost of Living Adjustment
Waiver of Premium
Residual Benefits
Own Occupation
Automatic Benefit Increase
Guaranteed Insurability
Return of Premium
Critical Illness
Hospital Confinement Indemnity
Supplemental Disability Income
Retroactive Injury
Accidental Medical Expense
Catastrophic Disability

Assurity Financial Strength

Financial Strength - 4 / 5

Assurity Life Insurance Group holds a financial strength rating of A- (Excellent) with the insurance-centered credit rating agency A.M. Best. The company, which has over 125 years of industry experience and is licensed to operate in 49 states and D.C., currently manages over $2.5 billion in assets and employs approximately 400 associates.
Company Type
Underwriter
Underwriter
Assurity Life Insurance Group
Year Founded
1890
Market Share 2017
0.07%
Total Premiums 2017
$72,742,278.00
AM Best Financial Rating
A-

Assurity Reputation & Customer Experience

Reputation & Customer Experience - 4 / 5

Assurity is a certified B Corporation, which means they have been found to meet rigorous standards of social and environmental responsibility, accountability, and transparency. The company is accredited by the Better Business Bureau but has yet to receive any customer feedback on the organization's website or other consumer review platforms like Trustpilot.com. However, Assurity did not receive a single complaint against their individual health and accident insurance products in 2017, further evidencing their commitment to ethical business practices and high customer service standards.
BBB Rating
A+
Date Collected
2023-01-19
NAIC Complaint Ratio 2017
0.0
NAIC Total Complaints 2017
0

Company Profile

Full Name
Assurity Disability Insurance
Company Website
https://www.assurity.com
Headquarters
2000 Q Street, Lincoln, NE, 68503
Mailing Address
P.O. Box 82533, Lincoln, NE, 68501

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Customer Comments & Reviews

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R
Rachel
7/3/2019
Be prepared - If you pass away within 2 years make sure your family has enough funds to pay for your funeral and any other costs, because I promise you - After 68 days Assurity Life Insurance is STILL digging to find any reason not to pay! We were 4 months shy of the effective date of the policy and my mom passed away from infection in the blood - BRAND NEW DIAGNOSIS! We've been told they are not looking for medical records to confirm cause of death was something she had before BUT if there was anything they didn't know about when the policy was taken out. SERIOUSLY. My mom died and you want to hunt for any reason not to pay a family in need. Sad world we live in. 68 days and still... Read More

Our Partner
  • Provides both short and long term disability insurance
  • Those looking for coverage above $5,000 have to take a medical exam
  • Provides online applications for those looking for a digital experience
  • Only carrier that offers coverage for firefighters and police officers
  • Offers a Graded Benefit for those with health conditions
  • Rated A- by A.M. Best, lower than many disability insurance alternatives
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