Disability insurance companies provide essential income protection for individuals unable to work due to disability. This sector is characterized by a mix of corporate giants and specialized providers who focus on products like short-term and long-term disability coverage. As awareness around disability coverage grows, the industry is adapting to include innovative solutions, including online options and more personalized service. Trends show a growing emphasis on wellness programs and recovery support, highlighting a proactive approach to disability management, which is reshaping how insurers operate and engage with both clients and employers.


The companies in this list range in size from smaller firms with fewer than 50 employees to larger corporations employing thousands. Headquartered in cities across the United States, as well as a few international locations, many of these firms have a long history, dating back to the early 1900s. They specialize in various insurance products, particularly disability income coverage, while some offer a broader range of services such as life and accident insurance. Each company has developed distinct strengths in customer service and tailored solutions.


Read on to discover the top disability insurance companies.


Top 21 Disability Insurance Companies Companies


1. The Standard

  • Website: standard.com
  • Ownership type: Corporate
  • Headquarters: Portland, Oregon, United States (USA)
  • Employee distribution: United States (USA) 99%
  • Latest funding: March 2016
  • Founded year: 1906
  • Headcount: 1001-5000
  • LinkedIn: the-standard

The Standard, founded in 1906 and based in Portland, Oregon, is an insurance and financial services provider. The company specializes in a variety of products, including life insurance, disability insurance, and retirement plans. It serves individuals, families, businesses, and organizations, aiming to enhance financial wellness and security through tailored solutions. The Standard is particularly noted for its disability insurance offerings, which include both short-term and long-term coverage. Their proactive Workplace Possibilities Program is designed to support employees in staying at work or returning safely after a disability. The company operates primarily in the United States and has a workforce of over 4,500 employees. The Standard is licensed in all states except New York, where it operates through a separate entity. The company has not reported any recent funding, indicating stability and self-sufficiency in its operations.


2. Colonial Life

  • Website: coloniallife.com
  • Ownership type: Private
  • Headquarters: Columbia, South Carolina, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1939
  • Headcount: 1001-5000
  • LinkedIn: colonial-life

Colonial Life & Accident Insurance Company, based in Columbia, South Carolina, has been a significant player in the insurance industry since its founding in 1939. The company specializes in voluntary benefits, including disability, life, accident, and critical illness insurance. Colonial Life serves both businesses and individual consumers, helping them manage financial risks associated with unexpected health events. With a workforce of over 7,800 employees, the company operates primarily through employer-sponsored plans, which enhance employee benefits offerings. Colonial Life has a strong presence in the public sector, providing coverage to more than 500,000 public sector employees across 42 states, including numerous schools and local governments. Their focus on benefits education and personalized support for employees further solidifies their role in the industry, making them a notable provider of disability insurance.


3. Mutual of Omaha

  • Website: mutualofomaha.com
  • Ownership type: Corporate
  • Headquarters: Omaha, Nebraska, United States (USA)
  • Employee distribution: United States (USA) 99%
  • Latest funding: March 2024
  • Founded year: 1909
  • Headcount: 1001-5000
  • LinkedIn: mutual-of-omaha

Mutual of Omaha Insurance Company, established in 1909 and headquartered in Omaha, Nebraska, is a prominent insurance and financial services provider. The company offers a wide array of products, including life insurance, Medicare solutions, long-term care coverage, and notably, disability income insurance. This product line is designed to help individuals manage financial risks associated with disabilities, ensuring income continuity during challenging times. With a workforce of over 8,700 employees, Mutual of Omaha serves a significant number of clients across the United States, focusing on both individual and group insurance solutions. Their commitment to customer service and financial strength has earned them a solid reputation in the insurance industry, making them a relevant choice for those seeking disability insurance options.


4. Madison National Life Insurance Company, Inc

  • Website: madisonlife.com
  • Ownership type: Corporate
  • Headquarters: Madison, Wisconsin, United States (USA)
  • Employee distribution: United States (USA) 71%, Zambia 15%, Kenya 15%
  • Latest funding: $172.5M, July 2021
  • Founded year: 1961
  • Headcount: 51-200
  • LinkedIn: madison-national-life-insurance-company

Madison National Life Insurance Company, Inc., founded in 1961 and headquartered in Madison, Wisconsin, is a corporate entity specializing in life and disability insurance. The company operates primarily in the United States and is licensed in 49 states. Madison National Life focuses on providing group term life and disability insurance products, catering to businesses and organizations to help them secure financial stability for their employees. Their offerings include both short-term and long-term disability insurance, which are essential for individuals unable to work due to health issues. The company is a wholly owned subsidiary of Horace Mann Educators Corporation, which underscores its commitment to serving educators and school employees. Madison National Life prides itself on its collaborative approach with distribution partners and its ability to create customized insurance solutions. Their claims management process is designed to support claimants effectively, emphasizing a philosophy of ability rather than disability. This approach, along with a dedicated claims team, contributes to their high customer retention rates. Madison National Life continues to be an active participant in the insurance industry, focusing on tailored solutions that meet the needs of their clients.


5. Fidelity Life


Fidelity Life, based in Auckland, New Zealand, is a private insurance company founded in 1973. With a workforce of approximately 466 employees, the company specializes in a variety of insurance products, including life cover, income protection, and notably, total and permanent disability cover. Fidelity Life serves both individual consumers and businesses, aiming to provide financial security and support during difficult times. The company emphasizes exceptional customer service and claims support, ensuring that clients receive the assistance they need when it matters most. Fidelity Life has also made strides in community engagement and sustainability, reflecting its commitment to giving back to New Zealand and its people. Their financial strength is underscored by an A- rating from A.M. Best, which speaks to their reliability in the insurance sector.


6. Breeze

  • Website: meetbreeze.com
  • Ownership type: Venture Capital
  • Headquarters: Omaha, Nebraska, United States (USA)
  • Employee distribution: United States (USA) 89%, Armenia 11%
  • Latest funding: Seed, $2.0M, August 2023
  • Founded year: 2019
  • Headcount: 11-50
  • LinkedIn: breeze-insurance

Breeze, based in Omaha, Nebraska, is an insurance agency that specializes in disability insurance, accident insurance, and critical illness insurance. Founded in 2019, the company aims to provide personalized insurance plans that help individuals protect their income and manage unexpected medical expenses. Breeze operates primarily online, allowing customers to easily obtain quotes and apply for coverage. The company has received funding, with its latest round amounting to $1,984,200 in August 2023, which reflects growing investor interest in its approach to insurance. Breeze's offerings include long-term and short-term disability insurance, catering to a wide range of professionals such as accountants, nurses, and self-employed individuals. This focus on accessibility and customer service positions Breeze as a noteworthy contender in the disability insurance sector.


7. Health Care Service Corporation


Health Care Service Corporation (HCSC), based in Chicago, Illinois, is a prominent health insurance provider founded in 1936. As a mutual legal reserve company, HCSC operates as an independent licensee of the Blue Cross Blue Shield Association. The company serves over 23 million members across five states: Illinois, Montana, New Mexico, Oklahoma, and Texas. HCSC offers a comprehensive portfolio of health benefit solutions, including life, disability, and dental insurance. Their mission focuses on enhancing access to quality, cost-effective care while driving innovations that empower individuals to manage their health effectively. HCSC is committed to community health, investing in initiatives that address social determinants of health and improve overall health outcomes. Their financial strength, with an annual revenue of $54 billion in 2022, supports their ability to provide robust insurance products and services.


8. Ash Brokerage

  • Website: ashbrokerage.com
  • Ownership type: Corporate
  • Headquarters: Fort Wayne, Indiana, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Latest funding: May 2022
  • Founded year: 1971
  • Headcount: 201-500
  • LinkedIn: ash-brokerage

Ash Brokerage, founded in 1971 and based in Fort Wayne, Indiana, is an insurance brokerage firm that specializes in providing a variety of insurance solutions. The company focuses on life insurance, retirement planning, long-term care, and notably, disability insurance. Ash Brokerage serves financial professionals, including advisors and wealth managers, by offering them the necessary tools and support to help their clients secure their financial futures. With a workforce of over 500 employees, the company has built a reputation for its commitment to client service and education, providing resources such as webinars, case studies, and a comprehensive concept library. They represent more than 80 top-rated insurance carriers, which allows them to offer tailored solutions to meet the unique needs of their clients. Their dedication to innovation and client advocacy positions them as a significant player in the insurance industry.


9. NTA Life

  • Website: ntalife.com
  • Ownership type: Corporate
  • Headquarters: Addison, Texas, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Latest funding: December 2018
  • Founded year: 1973
  • Headcount: 201-500
  • LinkedIn: nta-life

National Teachers Associates Life Insurance Company, commonly known as NTA Life, is based in Addison, Texas, and has been serving the insurance needs of educators, emergency responders, and government employees since its inception in 1973. The company focuses on supplemental health and life insurance products, with a significant emphasis on disability income insurance. NTA Life aims to protect the financial well-being of its clients by offering tailored solutions that address the unique challenges faced by these professionals. Their products include not only disability insurance but also coverage for cancer, accidents, and critical illnesses. NTA Life has built strong relationships with teacher unions and other organizations, enhancing its reputation within the educational sector. The company has received accolades for its performance, including an A (Excellent) rating from A.M. Best, which reflects its financial stability and commitment to quality service. NTA Life operates in all states except New York, where its affiliate, NTA Life Insurance Company of New York, provides similar products. This dual structure allows them to cater to a broader audience while maintaining a focus on their core clientele.


10. Illinois Mutual

  • Website: illinoismutual.com
  • Ownership type: Family Owned
  • Headquarters: Peoria, Illinois, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1910
  • Headcount: 51-200
  • LinkedIn: illinois-mutual

Illinois Mutual Life Insurance Company, based in Peoria, Illinois, has been a provider of insurance and financial solutions since 1910. As a family-owned business, it prides itself on a culture that values relationships with policyowners, agents, and employees alike. The company specializes in life and disability income insurance, offering a range of products designed to help individuals and families achieve financial security. Illinois Mutual operates primarily in the middle market across 47 states, focusing on delivering personalized service and innovative solutions. Their commitment to customer service is evident in their efforts to enhance policy management tools and support for agents. With a strong emphasis on community involvement, Illinois Mutual actively participates in charitable initiatives, reinforcing its dedication to the people it serves. The company maintains an A- (Excellent) rating from AM Best, underscoring its financial strength and reliability in the insurance industry.


11. Health Plus

  • Website: empireblue.com
  • Ownership type: Private
  • Headquarters: New York, New York, United States (USA)
  • Employee distribution: United States (USA) 92%, Ghana 8%
  • Founded year: 1934
  • Headcount: 501-1000
  • LinkedIn: health-plus

Health Plus, also known as Anthem Life, is an insurance company based in New York, specializing in life and disability insurance products. Founded in 1934, the company has built a reputation for providing financial security and support to employees through its insurance offerings. Health Plus primarily serves businesses that wish to offer these benefits to their employees, ensuring that they have access to essential resources during challenging times. The company emphasizes prompt benefit payments and a range of support services aimed at enhancing employee well-being. As of now, Health Plus is in the process of being acquired by The Standard, which may influence its operational strategies and product offerings in the future. Despite this transition, Health Plus remains active in the disability insurance market, providing essential services to its clients.


12. Capitas Financial

  • Website: capitasfinancial.com
  • Ownership type: Private
  • Headquarters: Minneapolis, Minnesota, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2001
  • Headcount: 201-500
  • LinkedIn: capitas-financial

Capitas Financial Inc., based in Minneapolis, Minnesota, is a private insurance brokerage and financial advisory firm founded in 2001. The company specializes in a range of insurance products, including life insurance, annuities, and notably, disability insurance. Capitas Financial serves financial institutions, brokers, and advisors, providing them with the tools and support necessary to enhance their service offerings. Their Disability Insurance Desk is a key feature, offering comprehensive support throughout the sales process, from quotes to underwriting and policy delivery. This structured approach allows Capitas to cater to the needs of both individual clients and larger financial entities. The firm also emphasizes advanced planning and case management, which are essential in navigating the complexities of disability insurance. With a workforce of around 188 employees, Capitas Financial maintains a national presence, ensuring that they can support a wide array of clients across the United States.


13. Combined, a Chubb Company

  • Website: combinedinsurance.com
  • Ownership type: Corporate
  • Headquarters: Chicago, Illinois, United States (USA)
  • Employee distribution: United States (USA) 66%, Canada 32%, Other 2%
  • Latest funding: January 2021
  • Founded year: 1922
  • Headcount: 5001-10000
  • LinkedIn: combined-insurance

Combined, a Chubb Company, is an insurance provider based in Chicago, Illinois, with a history dating back to 1922. The company focuses on supplemental health, accident, disability, and life insurance products, catering to individuals, families, and businesses. Their mission is to fill coverage gaps and address financial insecurities related to health issues. Operating under the Chubb brand, Combined Insurance has developed a robust portfolio that includes disability insurance, which helps protect employees' income in case of illness or injury. With approximately 5,050 employees, the company serves a significant market in the United States and Canada, and it has issued over 5 million supplemental policies. Combined is recognized for its commitment to making supplemental insurance accessible and understandable, and it has received an A+ rating from AM Best for its financial strength. The company also emphasizes corporate social responsibility, supporting various community initiatives and honoring its founder's philanthropic legacy.


14. TAF Eenvoudig Transparant

  • Website: taf.nl
  • Ownership type: Private Equity
  • Headquarters: Eindhoven, North Brabant, Netherlands
  • Employee distribution: Netherlands 100%
  • Latest funding: December 2018
  • Founded year: 1999
  • Headcount: 51-200
  • LinkedIn: taf-b-v-

TAF Eenvoudig Transparant, based in Eindhoven, Netherlands, is an insurance company founded in 1999. It specializes in life and disability insurance products, aiming to protect individuals from financial risks associated with death and disability. TAF operates through a network of independent financial advisors, ensuring that clients receive tailored insurance solutions that meet their specific needs. The company has made significant strides in the insurance industry, particularly with its innovative approach to income and asset protection. TAF has garnered recognition for its products, including awards for its outstanding service and competitive pricing. With a focus on transparency and customer satisfaction, TAF has successfully insured over 900,000 individuals, demonstrating its impact in the market.


15. Collins and Associates

  • Website: insuranceexperts.com
  • Ownership type: Private
  • Headquarters: San Diego, California, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1973
  • Headcount: 11-50
  • LinkedIn: collins-and-associates

Collins and Associates, now known as Insurance Experts Solutions, is a San Diego-based insurance brokerage founded in 1973 by Michael G. Collins. With a team of 11 to 50 employees, the company has built over 50 years of experience in the insurance industry. They specialize in various insurance products, including life, health, disability, and long-term care insurance. The firm serves both individual consumers and businesses, helping them secure affordable coverage to mitigate financial risks associated with health and life events. Their focus on disability insurance is evident, as they offer individual and business policies, along with business overhead expense policies. The company prides itself on partnering with top-rated insurance carriers, ensuring clients receive competitive quotes and quality service. The current president, Jason P. Veirs, continues the legacy of the founder, maintaining a strong commitment to client needs and industry expertise.


16. Loyalis

  • Website: loyalis.nl
  • Ownership type: Corporate
  • Headquarters: Heerlen, Limburg, Netherlands
  • Employee distribution: Netherlands 100%
  • Latest funding: $495.0M, December 2018
  • Founded year: 1996
  • Headcount: 201-500
  • LinkedIn: loyalis

Loyalis, founded in 1996 and based in Heerlen, Limburg, Netherlands, is an insurance company that specializes in income insurance and pension supplements. With a workforce of approximately 260 employees, Loyalis serves both businesses and individuals, primarily in sectors such as government, education, energy, utilities, and construction. The company aims to provide financial stability for its clients in the event of disability, death, or retirement. Loyalis is committed to enhancing the vitality of employees and promoting sustainable employability, which is evident in their initiatives and resources aimed at supporting organizations in managing workforce health and well-being. Their focus on tailored insurance solutions and active engagement in industry trends positions them as a relevant player in the disability insurance market.


17. Fidelity Security Life Insurance Company


Fidelity Security Life Insurance Company, based in Kansas City, Missouri, has been a family-owned entity since its inception in 1969. With a workforce of approximately 65 employees, the company specializes in a range of insurance products, including supplemental health, life, and disability insurance, as well as annuities. Fidelity Security Life is dedicated to serving individuals and families, providing essential financial protection during health-related challenges and significant life events. The company prides itself on its innovative insurance solutions and has built a strong reputation in the industry. Over the years, Fidelity has paid out more than $9 billion in claims, demonstrating its commitment to supporting policyholders in times of need. Their financial performance has shown steady growth, with a reported increase in direct and assumed premiums, particularly in their Specialty Benefits unit, which includes disability insurance. This growth reflects their ability to adapt and respond to market demands while maintaining a conservative financial strategy that ensures policyholder security.


18. 1Life Insurance

  • Website: 1life.co.za
  • Ownership type: Private
  • Headquarters: Sandton, Gauteng, South Africa
  • Employee distribution: South Africa 100%
  • Founded year: 2006
  • Headcount: 501-1000
  • LinkedIn: 1life-insurance

1Life Insurance Limited, founded in 2006 and based in Sandton, Gauteng, South Africa, is a private insurance provider specializing in life and funeral insurance products. The company aims to deliver financial security to individuals and families during unexpected life events. With a workforce of approximately 888 employees, 1Life focuses on offering a range of insurance options, including life cover, funeral cover, and notably, disability insurance. Their disability insurance products are designed to provide financial protection for families in the event of permanent disability, ensuring that clients can maintain their financial stability. Additionally, 1Life has developed the Expense Protector Salary Protection plan, which supports individuals temporarily unable to work due to illness or injury. This comprehensive approach to insurance reflects their commitment to addressing the financial needs of their clients in various circumstances. 1Life is recognized as a licensed life insurer and financial services provider in South Africa, contributing to the insurance market with a focus on accessible and affordable coverage.


19. Empire Financial

  • Website: empire.ca
  • Ownership type: Corporate
  • Headquarters: Kingston, Ontario, Canada
  • Employee distribution: United States (USA) 50%, United Kingdom (UK) 25%, Canada 25%
  • Latest funding: January 1987
  • Founded year: 1923
  • Headcount: 501-1000
  • LinkedIn: empire-financial

Empire Financial, known as Empire Life, is a financial services provider based in Kingston, Ontario, Canada. Founded in 1923, the company specializes in life insurance, investment products, and group benefits. Empire Life offers a variety of solutions tailored to individuals and small to midsize businesses, helping them achieve financial security and manage their investments effectively. Among their offerings, they provide disability insurance as part of their living benefits solutions, which also includes critical illness insurance. The company prides itself on its customer service and the use of innovative technology to simplify the insurance process. With a workforce of around 501-1000 employees, Empire Life operates across Canada, ensuring that their products meet the needs of a broad customer base. They are also a member of Assuris, which protects Canadian policyholders in the event of a company failure, adding a layer of security for their clients.


20. Petersen International Underwriters

  • Website: piu.org
  • Ownership type: Private
  • Headquarters: Santa Clarita, California, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1979
  • Headcount: 51-200
  • LinkedIn: petersen-international-underwriters

Petersen International Underwriters (PIU), based in Santa Clarita, California, is a private insurance provider established in 1979. The company specializes in disability, life, medical, and contingency insurance solutions, catering to both individual consumers and businesses. PIU is known for its innovative approach to underwriting, particularly in areas where traditional carriers may hesitate to provide coverage. They offer a wide array of disability insurance products, including options for specific professions such as entertainers, athletes, and medical professionals. Over the years, PIU has played a significant role in shaping the insurance industry, advocating for legislative changes that enhance the availability of disability insurance. Their commitment to education and support for insurance professionals is evident through their resources and tools designed to help agents better serve their clients. PIU is licensed to operate in all 50 states and has a notable presence in the international market, although not all products are available in every location.


21. StanCorp Financial Group, Inc.


StanCorp Financial Group, Inc., based in Portland, Oregon, is a private insurance and financial services provider founded in 1998. Operating primarily under the name The Standard, the company offers a variety of products, including life insurance, disability insurance, and retirement plans. StanCorp serves both individual consumers and businesses, focusing on financial wellness and employee benefits solutions. The company is dedicated to community impact, emphasizing customer support and engagement. With a workforce of over 4,200 employees, StanCorp has established itself as a reliable provider in the insurance industry, particularly in the disability insurance market, where it offers tailored solutions to meet the needs of its clients. The Standard's commitment to proactive support, as seen in its Workplace Possibilities Program, showcases its focus on helping employees stay at work or return safely after a disability. This approach not only aids individuals but also benefits employers by enhancing workforce stability.



Disability Insurance Companies Insights: Key Companies


CompanyHeadquarterSizeFoundedOwnership
The StandardPortland, Oregon, United States (USA)1001-50001906Corporate
Colonial LifeColumbia, South Carolina, United States (USA)1001-50001939Private
Mutual of OmahaOmaha, Nebraska, United States (USA)1001-50001909Corporate
Madison National Life Insurance Company, IncMadison, Wisconsin, United States (USA)51-2001961Corporate
Fidelity LifeAuckland, Auckland, New Zealand201-5001973Private
BreezeOmaha, Nebraska, United States (USA)11-502019Venture Capital
Health Care Service CorporationChicago, Illinois, United States (USA)10001+1936Private
Ash BrokerageFort Wayne, Indiana, United States (USA)201-5001971Corporate
NTA LifeAddison, Texas, United States (USA)201-5001973Corporate
Illinois MutualPeoria, Illinois, United States (USA)51-2001910Family Owned
Health PlusNew York, New York, United States (USA)501-10001934Private
Capitas FinancialMinneapolis, Minnesota, United States (USA)201-5002001Private
Combined, a Chubb CompanyChicago, Illinois, United States (USA)5001-100001922Corporate
TAF Eenvoudig TransparantEindhoven, North Brabant, Netherlands51-2001999Private Equity
Collins and AssociatesSan Diego, California, United States (USA)11-501973Private
LoyalisHeerlen, Limburg, Netherlands201-5001996Corporate
Fidelity Security Life Insurance CompanyKansas City, Missouri, United States (USA)51-2001969Family Owned
1Life InsuranceSandton, Gauteng, South Africa501-10002006Private
Empire FinancialKingston, Ontario, Canada501-10001923Corporate
Petersen International UnderwritersSanta Clarita, California, United States (USA)51-2001979Private
StanCorp Financial Group, Inc.Portland, Oregon, United States (USA)1001-50001998Private


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