2+ Year Member
- Feb 17, 2015
- Resident [Any Field]
Which disability insurance companies are the best? NWM , mass mutual or principal. One of my friends did not had good experience with principal. Any suggestions? Thanks
I assume NWM is Northwestern Mutual, in which case they do offer true own occupation. If I'm not mistaken, it may offer better protection for surgeons and other procedural-based specialties. Often if you're a surgeon and are unable to operate but can still run a surgery clinic, disability insurance wouldn't cover you. Northwestern has (or at least had, when I applied for coverage) a medical own occupation rider that would cover you if you can't perform some of your listed job duties.I don’t think NWM has true own occupation.
I have Principal and havent had any issues with insurance (retirement accounts, on the other hand....)
Are you saying that with other policies, that they will let you go back to work at say, McDonalds, and still collect disability benefits if you can't work as a physician? I had thought Northwestern allowed that as well, but I read my policy:The carriers with the best definition are Principal, Ameritas, Ohio National, Standard, Guardian, and Mass Mutual. If you are looking for a definition that states if you can't do your specialty and are NOT WORKING then NWM can come into play. NWM has a tendency to be 20-40% more than the market place when you build the product feature to feature, but heck somebody has to pay for all of those college sports commercials and bowl football games