One of the questions quietly lurking behind the current Disability Insurance Awareness Month is whether many insurers, distributors or producers still want to sell disability insurance, or whether low interest rates, new accounting rules, and general exhaustion have made protecting workers’ income a non-core activity.
But many organizations are saying this month that, yes, they very definitely want to sell disability insurance, and that they definitely want to be in ThinkAdvisor articles about the awareness month campaign.
Here’s a look at five organizations’ efforts to participate in the Month.
LifeQuotes.com is participating in the Month campaign by adding an instant disability insurance quote service.
The Darien, Illinois-based quote service says it’s now providing disability quotes along with every life insurance quote requested through its desktop- and tablet-based systems by healthy, employed people ages 25 through 60.
LifeQuotes.com warns the customers that all of the disability insurance price quotes are subject to insurer underwriting approval.
2. Sun Life U.S.
Sun Life U.S. is participating in the Month by using it as an opportunity to educate brokers, employers and the general public about the company’s new auto-enrollment feature for employer-sponsored disability plans.
The U.S. Department of Labor recently announced that it will let employers auto-enroll workers in disability coverage.
Sun Life offered a webinar on group disability auto-enrollment with the Disability Management Employers Coalition (DMEC).
Sun Life and DMEC polled the employer participants and found that only about half offer 401(k) plan auto-enrollment.
The slow spread of auto-enrollment features is a sign that insurers, brokers, benefits consultants and plan administrator have work to do, according to Sun Life.
Allsup is a company that helps workers with disabilities file for Social Security Disability Insurance (SSDI) benefits.