In Massachusetts, disability insurance plays a critical role in providing financial support for individuals unable to work due to injury or illness. The industry is populated by various providers, from family-owned agencies to larger corporate firms, each offering tailored products such as short-term and long-term disability insurance. As more people recognize the importance of safeguarding their income, this sector continues to grow. Advancements in technology have also led to innovative approaches in policy management, enhancing accessibility and transparency for customers. Notably, the integration of digital platforms in application processes is reshaping how coverage is delivered.


The companies listed here represent a mix of established and emerging players in the Massachusetts disability insurance market. Ranging from small family-owned businesses to mid-sized private firms, these organizations have been in operation between 1921 and 2001. They are primarily concentrated in locations like Worcester, Springfield, and Boston. Specializing in various products, including life, health, and disability insurance, these firms are adapting to meet their clients' evolving needs in a dynamic industry environment.


Continue reading to explore the top disability insurance companies in Massachusetts.


Top 19 Disability Insurance Companies in Massachusetts


1. First American Insurance Underwriters

  • Website: faiu.com
  • Ownership type: Family Owned
  • Headquarters: Needham, Massachusetts, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1980
  • Headcount: 11-50
  • LinkedIn: first-american-ins

First American Insurance Underwriters, based in Needham, Massachusetts, has been operational since 1980. This family-owned agency specializes in life insurance, long-term care, disability income, and annuities. They cater primarily to wealth managers and insurance advisors, providing them with competitive insurance solutions tailored for high-net-worth clients. FAIU is known for its expertise in handling complex and impaired risk cases, having successfully placed thousands of challenging cases over its four decades in business. The agency emphasizes strong partnerships and offers extensive support, including advanced sales support and case management resources, to help advisors navigate the intricacies of insurance products. Their commitment to client service and innovative solutions positions them as a valuable resource in the insurance industry.


2. Sapers & Wallack, Inc.

  • Website: sapers-wallack.com
  • Ownership type: Family Owned
  • Headquarters: Newton, Massachusetts, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1932
  • Headcount: 11-50
  • LinkedIn: sapers-%26-wallack-inc-

Sapers & Wallack, Inc. is a family-owned financial services firm based in Newton, Massachusetts, established in 1932. The company provides a variety of solutions, including insurance, wealth management, and financial planning, catering to both individuals and businesses. Their insurance offerings include life insurance, long-term care insurance, disability insurance, property and casualty insurance, and Medicare. Sapers & Wallack prides itself on personalized service and building long-term relationships with clients, which is crucial in the financial services industry. They have a history of adapting to client needs and market changes, reflecting their commitment to financial security and asset management. The firm operates entirely within the United States and has maintained a consistent presence in the industry for over 90 years, indicating stability and experience.


3. The Moody Street Group, LLC

  • Website: moodystreet.com
  • Ownership type: Private
  • Headquarters: Newton, Massachusetts, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2011
  • Headcount: 11-50
  • LinkedIn: the-moody-street-group-llc

The Moody Street Group, LLC, based in Newton, Massachusetts, is a financial services agency founded in 2011. With a team of approximately 43 employees, the firm specializes in a variety of financial products and services aimed at individuals, families, and business owners. Their offerings include financial planning, investment management, life insurance, and notably, disability insurance. The company prides itself on a personalized approach, helping clients navigate their financial futures with tailored strategies. As a general agency appointed with the insurance companies of OneAmerica, Moody Street Group leverages the strength and reputation of OneAmerica to provide reliable insurance solutions. Their mission is to assist clients in achieving their financial goals while ensuring they are prepared for unexpected events that could impact their income and lifestyle.


4. Cabot Risk Strategies, LLC

  • Website: cabotrisk.com
  • Ownership type: Private
  • Headquarters: Woburn, Massachusetts, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2006
  • Headcount: 51-200
  • LinkedIn: cabot-risk-strategies

Cabot Risk Strategies, LLC is an insurance agency based in Woburn, Massachusetts, founded in 2006. With a workforce of approximately 84 employees, the company operates primarily in Massachusetts and surrounding states. They provide a variety of insurance products and risk management solutions tailored to both individuals and businesses. Their offerings include personal insurance, business insurance, and employee benefits, which notably feature group health, dental, vision, and disability insurance. Cabot Risk Strategies positions itself as an independent agency, allowing them to offer a wide range of options from various insurance providers. Their membership in organizations like the Renaissance Alliance reflects their commitment to quality service and industry standards. The agency emphasizes building long-term relationships with clients, focusing on understanding and managing their unique risks.


5. SterlingBridge Insurance Agency


SterlingBridge Insurance Agency, founded in 1979 and based in Worcester, Massachusetts, is a private insurance agency that specializes in life and health insurance products, including disability insurance. The agency serves as a broker for insurance advisors and financial institutions, providing a digital platform that simplifies the insurance application process. This platform allows clients to receive coverage more efficiently, enhancing the overall client experience. SterlingBridge emphasizes a white-glove service approach, ensuring that their clients receive personalized support throughout the insurance process. Their team consists of experienced professionals who are well-versed in various insurance products, including disability insurance, long-term care, and annuities. The agency's commitment to leveraging technology in the insurance space positions them as a modern player in the industry, catering to the needs of both clients and insurance professionals.


6. Herlihy Insurance Group

  • Website: herlihygroup.com
  • Ownership type: Private
  • Headquarters: Worcester, Massachusetts, United States (USA)
  • Employee distribution: United States (USA) 90%, United Kingdom (UK) 10%
  • Founded year: 1927
  • Headcount: 11-50
  • LinkedIn: herlihy-insurance-group

Herlihy Insurance Group, established in 1927, is a private insurance agency based in Worcester, Massachusetts. With a team of approximately 30 employees, the company provides a variety of insurance solutions tailored to meet the needs of individuals, families, and businesses. Their offerings include home, auto, life, and business insurance, alongside financial services such as group health and disability insurance. Herlihy Insurance Group prides itself on being a trusted advisor, emphasizing personalized service and community involvement. They have built a solid reputation over the decades, serving a significant number of clients and advocating for them during claims processes. Their commitment to local service and community engagement further enhances their standing in the insurance sector.


7. Consolidated Health Plans | CHP


Consolidated Health Plans, now operating under the name Wellfleet, was founded in 1993 and is headquartered in Springfield, Massachusetts. The company specializes in accident and health insurance solutions, catering primarily to the higher education market. Wellfleet provides a variety of products, including student health insurance, workplace benefits, and pharmacy solutions. Their clientele includes educational institutions and businesses that require comprehensive health coverage for their members and employees. In 2011, Wellfleet became part of Berkshire Hathaway, enhancing its credibility and operational capacity. The company has expanded its offerings to include critical illness, accident, and short-term disability products, aiming to protect members from unexpected expenses. Wellfleet's commitment to customer-centric solutions and quality service is evident in their operational strategies and product development.


8. Wellfleet

  • Website: wellfleetinsurance.com
  • Ownership type: Private
  • Headquarters: Springfield, Massachusetts, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1993
  • Headcount: 201-500
  • LinkedIn: wellfleetinsurance

Wellfleet, founded in 1993 and headquartered in Springfield, Massachusetts, operates as a private insurance company under the Berkshire Hathaway umbrella. Originally known as Consolidated Health Plans, Wellfleet has evolved to focus on accident and health insurance products tailored for various markets, including students and workplace benefits. The company is recognized for its commitment to customer-centric solutions, emphasizing quality service and ethical practices. Wellfleet's product offerings include student health plans, workplace benefits, and critical illness and disability insurance, catering to the needs of educational institutions and employers. Their transition from a third-party administrator to an insurance carrier has allowed them to expand their reach and enhance their service offerings. Wellfleet's financial strength is underscored by its A++ rating from A.M. Best, reflecting its stability and reliability in the insurance sector.


9. Murphy Insurance Agency

  • Website: dfmurphy.com
  • Ownership type: Family Owned
  • Headquarters: Hudson, Massachusetts, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1937
  • Headcount: 51-200
  • LinkedIn: d--francis-murphy-insurance-agency

Murphy Insurance Agency, established in 1937, is a family-owned insurance agency based in Hudson, Massachusetts. The agency provides a wide array of insurance products, catering to both personal and business needs. Their offerings include auto, home, life, and disability insurance, among others. With a workforce of approximately 74 employees, Murphy Insurance Agency operates primarily in Massachusetts and extends its services to surrounding states. The agency prides itself on its customer-centric approach, focusing on building long-term relationships and providing tailored insurance solutions. They are recognized as a Trusted Choice agent, which underscores their commitment to delivering value and support to their clients. Murphy Insurance Agency also engages in community involvement, reflecting their dedication to the regions they serve.


10. Axia Insurance Services, INC

  • Website: axiagroup.net
  • Ownership type: Private
  • Headquarters: Springfield, Massachusetts, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2001
  • Headcount: 11-50
  • LinkedIn: axia-insurance-services-inc

Axia Insurance Services, INC, operating under the name The AXiA Group, is an independent insurance agency based in Springfield, Massachusetts. Founded in 2001, the company has established itself as a provider of a comprehensive suite of insurance solutions tailored for both individuals and businesses. With a focus on the New England region, they operate across several states, including Massachusetts, Connecticut, Rhode Island, New Hampshire, and New York. The AXiA Group prides itself on delivering personalized service and risk management advice, helping clients protect their assets through various insurance products. Their offerings include personal insurance, business insurance, and employee benefits, which encompass group health, dental, vision insurance, and notably, disability insurance. The agency's independent status allows them to represent multiple insurance carriers, enhancing their ability to meet the unique needs of their clients. With nine office locations, they are well-positioned to serve a broad client base in their operational area.


11. Webber & Grinnell Insurance, an Alera Group Company


Webber & Grinnell Insurance, an Alera Group Company, is an independent insurance agency based in Northampton, Massachusetts, with a history dating back to 1970. The agency provides a comprehensive suite of insurance solutions, including personal, business, and employee benefits insurance. They serve a wide range of clients throughout New England, helping individuals and businesses manage risks and protect their assets through customized insurance products. Their employee benefits offerings include group health, dental, vision insurance, and notably, disability insurance. This positions them as a resource for businesses looking to enhance their employee benefits packages. The agency prides itself on its client-focused approach, emphasizing personalized service and the importance of building strong relationships with clients to understand their unique risks. With a team of experienced agents, Webber & Grinnell aims to be a trusted advisor in the insurance space, providing tailored solutions to meet the specific needs of their clientele.


12. Downey Insurance Group

  • Website: downeyinsurance.com
  • Ownership type: Private
  • Headquarters: Marlborough, Massachusetts, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1928
  • Headcount: 11-50
  • LinkedIn: downey-insurance-group

Downey Insurance Group is an insurance agency and financial services provider based in Marlborough, Massachusetts. Founded in 1928, the company has built a reputation for offering a wide array of insurance products, including personal and commercial insurance. Their services extend to financial solutions such as IRA and portfolio analysis, catering to both individual and business clients. Downey Insurance Group emphasizes customer service and tailored insurance options, aiming to meet the unique needs of their clientele. They also provide disability insurance among their offerings, which indicates their involvement in this sector, albeit as part of a broader portfolio of services.


13. McWalter-Volunteer Insurance Agency


McWalter-Volunteer Insurance Agency, established in 1907, is a private insurance agency based in Concord, Massachusetts. With a team of 24 employees, the agency provides a variety of insurance services, including personal, business, executive, and employee benefits. They cater to both individual consumers and businesses, helping clients manage risks and protect their assets through customized insurance solutions. The agency prides itself on its local community involvement and has a strong focus on client relationships, as evidenced by positive testimonials from long-term clients. McWalter-Volunteer Insurance Agency also offers supplemental disability insurance as part of its executive benefits package, which is designed to enhance coverage for high-earning employees. This indicates their capability to address specific needs in the disability insurance sector, although it is not their sole focus.


14. Bright Agency Inc.


Bright Agency Inc., also known as Jensen-Sheehan Insurance, is a private insurance agency based in Milford, Massachusetts. Founded in 1931, the company has built a reputation for providing a wide array of insurance services, including personal lines, commercial lines, life, and disability insurance. With a team of around 25 employees, Bright Agency focuses on delivering tailored insurance solutions to both individual consumers and businesses. Their commitment to understanding client needs is exemplified by their dedicated sales team, particularly Joseph Soares, who specializes in life and disability insurance. This expertise allows them to effectively manage risks and protect assets for their clients. Bright Agency operates solely within the United States, emphasizing their local market engagement and community involvement.


15. Dixon Associates


Dixon Associates is an independent insurance agency based in Duxbury, Massachusetts, founded in 1980. With a small team of dedicated professionals, the agency specializes in providing customized insurance solutions tailored to the needs of small and midsize businesses. Their offerings include employee benefits, retirement plans, and risk management services. Notably, Dixon Associates provides life and disability insurance as part of their employee benefits package, ensuring that businesses can protect their workforce effectively. The agency prides itself on its consultative approach, working closely with clients to navigate complex insurance needs. Their partnerships with various insurance carriers allow them to offer a range of options, enhancing their ability to meet client demands. Over the years, Dixon Associates has built a reputation for personalized service and a commitment to client advocacy, making them a trusted partner in the insurance industry.


16. Knapp, Schenck & Company Insurance Agency, Inc.


Knapp, Schenck & Company Insurance Agency, Inc. is an insurance agency based in Boston, Massachusetts, founded in 1921. With a workforce of around 30 employees, the agency serves approximately 3,400 clients, providing a comprehensive range of insurance products. Their offerings include personal and business insurance solutions, with a notable emphasis on benefits solutions such as disability income insurance, life insurance, and long-term care insurance. The agency prides itself on its ability to tailor services to meet the evolving needs of its clients, fostering strong relationships that enhance customer satisfaction. Their expertise spans various sectors, allowing them to adapt their risk management strategies effectively. Despite not having reported any recent funding, their long-standing presence in the industry indicates a stable operation committed to client service and risk management.


17. IGP - International Group Program

  • Website: igpinfo.com
  • Ownership type: Private
  • Headquarters: Boston, Massachusetts, United States (USA)
  • Employee distribution: Belgium 57%, Canada 11%, United States (USA) 11%, Other 20%
  • Founded year: 1967
  • Headcount: 51-200
  • LinkedIn: igp-international-group-program

IGP - International Group Program, based in Boston, Massachusetts, has been operational since 1967. This private insurance company focuses on employee benefits solutions tailored for multinational corporations. Their offerings include multinational pooling, global underwriting, and reinsurance to captives, which are essential for companies managing employee benefits across various countries. IGP's network is built on partnerships with local insurance providers, ensuring that they can deliver tailored solutions that meet the specific needs of their clients. The company has a significant presence in Europe, Canada, and Asia, reflecting its commitment to providing comprehensive employee benefits strategies. IGP's recent discussions on occupational disability insurance underscore their involvement in this critical area, indicating a proactive approach to addressing the needs of employees in a global context.


18. Murray & MacDonald Insurance Services, Inc.

  • Website: riskadvice.com
  • Ownership type: Private
  • Headquarters: Bourne, Massachusetts, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1971
  • Headcount: 11-50
  • LinkedIn: murray-and-macdonald

Murray & MacDonald Insurance Services, Inc., based in Bourne, Massachusetts, has been serving clients since 1971. This private insurance agency specializes in providing tailored insurance solutions for individuals, families, businesses, and non-profits. Their commitment to risk management and asset protection is evident in their approach to insurance, where they assess client needs and design effective coverage strategies. The company prides itself on its community involvement, dedicating a portion of its profits to local charities and engaging with non-profit organizations. Their team of agents represents various regional, national, and global insurance companies, allowing them to offer a wide array of products, including personal insurance, commercial insurance, and employee benefits. They emphasize a personalized service model, aiming to build long-term relationships with clients and ensure their insurance needs are met efficiently.


19. The Feingold Companies

  • Website: feingoldco.com
  • Ownership type: Private
  • Headquarters: Worcester, Massachusetts, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1935
  • Headcount: 11-50
  • LinkedIn: the-feingold-companies

The Feingold Companies, established in 1935, is a private insurance agency and financial services firm based in Worcester, Massachusetts. With a team of 11 to 50 employees, the company has built a reputation for providing a wide array of personal and business insurance products, alongside financial planning and management services. Their offerings include various types of insurance such as homeowners, auto, and life insurance, as well as specialized business insurance solutions. Notably, they provide group disability insurance, which caters to the needs of businesses looking to offer employee benefits. The firm prides itself on its commitment to knowledge, integrity, and trust, values that have guided its operations for decades. The Feingold Companies serves clients across multiple states, reflecting their ability to adapt and meet the needs of a broad customer base.



Disability Insurance Insights: Key Companies in Massachusetts


CompanyHeadquarterSizeFoundedOwnership
First American Insurance UnderwritersNeedham, Massachusetts, United States (USA)11-501980Family Owned
Sapers & Wallack, Inc.Newton, Massachusetts, United States (USA)11-501932Family Owned
The Moody Street Group, LLCNewton, Massachusetts, United States (USA)11-502011Private
Cabot Risk Strategies, LLCWoburn, Massachusetts, United States (USA)51-2002006Private
SterlingBridge Insurance AgencyWorcester, Massachusetts, United States (USA)51-2001979Private
Herlihy Insurance GroupWorcester, Massachusetts, United States (USA)11-501927Private
Consolidated Health Plans | CHPSpringfield, Massachusetts, United States (USA)51-2001993Private
WellfleetSpringfield, Massachusetts, United States (USA)201-5001993Private
Murphy Insurance AgencyHudson, Massachusetts, United States (USA)51-2001937Family Owned
Axia Insurance Services, INCSpringfield, Massachusetts, United States (USA)11-502001Private
Webber & Grinnell Insurance, an Alera Group CompanyNorthampton, Massachusetts, United States (USA)11-501970Corporate
Downey Insurance GroupMarlborough, Massachusetts, United States (USA)11-501928Private
McWalter-Volunteer Insurance AgencyConcord, Massachusetts, United States (USA)11-501907Private
Bright Agency Inc.Milford, Massachusetts, United States (USA)11-501931Private
Dixon AssociatesDuxbury, Massachusetts, United States (USA)1-101980Private
Knapp, Schenck & Company Insurance Agency, Inc.Boston, Massachusetts, United States (USA)11-501921Corporate
IGP - International Group ProgramBoston, Massachusetts, United States (USA)51-2001967Private
Murray & MacDonald Insurance Services, Inc.Bourne, Massachusetts, United States (USA)11-501971Private
The Feingold CompaniesWorcester, Massachusetts, United States (USA)11-501935Private


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