Disability Insurance is a form of human life/health insurance which covers those injuries and sickness which can lead somebody to disability and hinder him/her earning his/her livelihood [disability insurance is designed to replace 45-60% of the insured's gross income (on a tax-free basis) in case he/she is disabled]. Total Permanent Disability (TPD), on the other hand, means that a person is unable to work in any suitable occupation because of sickness or injury. In the US there is a whole lot of disability insurance company with a wide range of plans and policies. A brief discussion can be made here on US disability insurance companies .
Some of the disability insurance companies in the US are:
• UnumProvident Corporation (UNM) located in Chattanooga, Tennessee, the US, is presently the largest disability insurance company in the world. It was formed when two competing insurance companies, Unum (of Portland, Maine) and Provident (of Chattanooga) were merged. For individuals, the company offers plans like Disability Income Protection Insurance, Long Term Care Insurance, and Life Insurance, while for employees, it offers plans like Disability Income Protection for groups with 2-99 members, Employee Benefit Plans, Absence Management Services for groups with 100-1999 members, and Disease Management, Employee Benefit Plans for groups with over 2000 members
• Guardian Disability Insurance (general agency of The Guardian Life Insurance Company of America, New York) offers Non-Cancellable and Guaranteed Renewable to those aged 65, and contains own-occupation definition of total disability
• Palmer insurance Agency , Vermont, offers disability insurance for business owner who is unable to work
• American Life, Health & Disability Insurance Agency (ALHDIA), Delaware, provides financial security for someone (along with his/her family) in case the former is unable to earn an income
• Berkshire Life Insurance Company of America , Massachusetts, offer Personal Disability Insurance and Business Disability Insurance
For more information, please explore UnumProvident
