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Who Has The Best Long Term Disability Insurance?

Last updated: November 19, 2023

The world of insurance can be a tricky place to navigate. Among the many types of coverage available, long-term disability insurance is one of the most crucial yet often overlooked. 

It's your financial safety net when life throws a curveball, ensuring you still have a regular income if you cannot work due to a disability. This comprehensive guide will help you understand the best long term disability insurance.

Understanding Long Term Disability Insurance

Long-term disability insurance is designed to replace a portion of your income if you become disabled and cannot work for a prolonged period. It’s your financial guard against unforeseen circumstances like serious accidents or chronic illnesses. Unlike short-term disability insurance, it covers longer periods, sometimes until retirement.

Factors To Consider When Choosing Long Term Disability Insurance


Like any insurance policy, costs can vary widely based on your age, health, occupation, and the amount of coverage you need. It's crucial to balance affordability with comprehensive coverage.


Coverage refers to the percentage of your income the insurance will replace if you cannot work. The best long term disability insurance policies typically replace 50-70% of your income.

Waiting period

Also known as the elimination period, it's the length of time you must be disabled before benefits begin. A shorter waiting period means higher premiums.

Benefit period

This determines how long you will receive benefits once your claim is approved. A good policy should cover you until retirement or for a specified period that you choose.

The Benefits of Long Term Disability Insurance

Long term disability insurance provides financial security by covering living expenses, medical bills, and rehabilitation costs. It also provides peace of mind knowing you have a safety net.

Eligibility Requirements for Long Term Disability Insurance

Eligibility requirements may vary, but generally, you need to be employed full time and under a certain age. Pre-existing health conditions may also impact eligibility.

Top 5 Best Long Term Disability Insurance Providers

1. Guardian

Guardian is known for its flexibility, offering policies that can be customized based on an individual's needs. They offer both non-cancellable and guaranteed renewable policies.

2. Mutual of Omaha

With a solid reputation for excellent customer service and reliable payouts, Mutual of Omaha offers long-term disability insurance that includes rehabilitation program benefits.

3. MassMutual

MassMutual stands out with its strong financial ratings and optional riders. They offer a Future Insurability Option, which allows you to increase coverage as your income grows.

4. Principal

Principal offers policies with competitive pricing. They provide coverage for partial disability and offer a unique program to assist policyholders in returning to work.

5. The Standard

The Standard is well-regarded in the industry, offering policies that include a Family Care Benefit, which is unique and beneficial for policyholders with dependent relatives.

How Long Term Disability Insurance Helps Americans

Long-term disability insurance serves as a vital financial safety net for countless Americans. It is crucial in maintaining economic stability for individuals and families when unexpected health issues prevent work.

Statistics on American Disability Insurance 

  • The Social Security Administration reports that more than 25% of today's 20-year-olds will become disabled before age 67. This statistic underscores the high likelihood of encountering a disabling condition during one's working years.

  • According to the U.S. Census Bureau, roughly 56.7 million people, or 19 percent of the population, had a disability in 2010. More than half of them reported the disability as severe. This further underscores the importance and high utilization of long-term disability insurance.

  • The Bureau of Labor Statistics (BLS) reports that only 40% of private industry workers can access employer-provided long-term disability insurance. This leaves a significant gap where many individuals may be unprotected.

  • Given the high likelihood of becoming disabled, long-term disability insurance becomes a necessary consideration for safeguarding one's financial future.

  • Long-term disability insurance helps cover living expenses and medical costs when income might be interrupted due to a long-term disability. Moreover, it allows beneficiaries to maintain their living standards.

  • Long-term disability insurance provides peace of mind for the insured and their families.

  • Whether it's to cover daily living expenses, ongoing bills, or even to provide financial support for your dependents, long-term disability insurance offers significant benefits. It enables Americans to navigate through challenging times with less financial stress and uncertainty.

How Long Term Disability Insurance Can Provide Relief

Aside from income replacement, long-term disability insurance can offer other benefits like vocational rehabilitation services, mental health support, and caregiver training, providing significant relief during challenging times.


1. How much of my income will long-term disability insurance cover?

Most long-term disability insurance policies cover between 50-70% of your income. However, this can vary depending on the specifics of your policy.

2. How long does long-term disability insurance last?

The duration of benefits can vary significantly, from a few years to up until you retire. It depends on the specifics of your insurance policy.

3. How soon after I become disabled will I start receiving benefits?

This depends on your policy's waiting period or elimination period. It could be anywhere from 30 days to 6 months or even more.

4. Are there any jobs that aren't eligible for long-term disability insurance?

Eligibility requirements vary by provider. Some high-risk occupations may not be covered or may have higher premiums.

5. Does long-term disability insurance cover mental health issues?

Many long-term disability insurance policies do cover mental health issues, but this can vary from policy to policy. It's essential to read the terms carefully and discuss this with your insurance provider.


In conclusion, securing the best long-term disability insurance is crucial for financial stability in unpredictable circumstances. It’s about ensuring you have the right protection when needed. Review your options carefully, consider the outlined factors, and make the best decision for your unique situation.

Learn more about disability rights in Maryland from our blogs at Disability Help.

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Victor Traylor
An expert to the field of Social Justice, Victor formed Disability Help to connect ideas and expertise from the US with rising global cultural leadership, building networks, fostering collaboration, long-term results, mutual benefit, and more extensive international perception.
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