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LeverageRx Disability Insurance Review


ConsumersAdvocate.org Rating: 4.4 / 5 (Excellent)
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LeverageRx is a financial services company that caters exclusively to doctors and other healthcare professionals. It enables customers to compare offers on physician mortgage loans, life and disability insurance, student loan refinancing, and more from several top lenders and insurers across the country. The company is headquartered in Omaha, Nebraska, and has been in business since 2015.
 
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How is LeverageRx rated?

Breakdown

4.5/5
Policies & Coverage
4.5/5
Flexibility
4.5/5
Financial Strength
4.5/5
Reputation & Customer Experience

Overall Rating: 4.4 / 5 (Excellent)

LeverageRx is a great first stop for doctors interested in disability insurance. It partners with six top insurers in the space that offer own-occupation policies and it only works with doctors, so it's very familiar with their needs and can help you if you're unsure of which types of coverage and riders you need. You can get quotes from all of LeverageRx's partners by filling out a simple online form, which could save you quite a bit of time compared to getting quotes from each company individually.

LeverageRx Policies & Coverage

Policies & Coverage - 4.5 / 5

LeverageRx partners with six top disability insurance companies -- Guardian, MassMutual, The Standard, Principal, Ameritas and Ohio National -- to offer own-occupation disability insurance exclusively for doctors. The company provides doctors with a custom online quote that allows them to compare rates from each insurers side by side. You won't find a ton of details about the policies on LeverageRx's website because things like waiting periods and maximum benefits will vary to some degree by which underwriter you work with. But you can fill out the quote tool on LeverageRx's website to see what your options are and decide which underwriter you'd like to work with.
Policy Types
Individual
Policy Features
Partial Disability
Non-Cancelable
Guaranteed Renewable
Online Quote

LeverageRx Flexibility

Flexibility - 4.5 / 5

LeverageRx's partners offer several policy riders, including residual benefits, cost-of-living adjustment, and catastrophic disability riders. These riders are especially important to doctors who stand to lose more money than the average person if they're disabled and unable to work. Exact riders will vary by underwriter, so if there's a rider that's especially important to you, check to make sure the insurer you're working with offers it.

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

Other Riders

Student loan benefit rider

LeverageRx Financial Strength

Financial Strength - 4.5 / 5

Financial strength will vary depending on the underwriter, but all of LeverageRx's partners are well-established insurers that have been around for decades and maintain high financial strength ratings. The ratings below are for one of its partners, Guardian, and they are about as high as you can get, indicating the company is doing well and is more than capable of meeting its financial obligations, whether that's in a year or in 20 years.
Company Type
Marketplace
Underwriter
Guardian, MassMutual, The Standard, Principal, Ameritas, Ohio National
Year Founded
2015
Standard & Poor's Financial Rating
AA+
Moody's Financial Rating
Aa2
AM Best Financial Rating
A++

LeverageRx Reputation & Customer Experience

Reputation & Customer Experience - 4.5 / 5

LeverageRx is still a pretty young company and it's not actually underwriting the disability insurance policies itself, so it's not unusual that there aren't many reviews of the company online. The company is not rated by the BBB but it does earn an excellent 4.7 star rating on Trustpilot. It's a good idea to investigate the customer reviews of any insurance underwiter you're considering before you purchase a policy, but you shouldn't have to worry about too many surprises with LeverageRx's curated list of insurers.
Number of BBB Positive Reviews
0
Number of BBB Negative Reviews
0
Trustpilot Rating
4.7 out of 5
Date Collected
2023-01-19

Company Profile

Full Name
LeverageRx Disability Insurance
Company Website
https://www.leveragerx.com/
Headquarters
808 Conagra Dr., Omaha, NE, 68102

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Top Rated
Our Partner
  • Works exclusively with doctors and other healthcare professionals
  • Partners with top disability insurers nationwide
  • Quickly compare rates from multiple insurers
  • Flexible policies with several riders available
  • Get help choosing the right policy for you
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