Health Insurance Allstate debuts individual disability policies By Insure.com | Posted on December 7, 2009 Why you should trust Insure.com Quality Verified At Insure.com, we are committed to providing honest and reliable information so that you can make the best financial decisions for you and your family. All of our content is written and reviewed by industry professionals and insurance experts. We maintain strict editorial independence from insurance companies to maintain editorial integrity, so our recommendations are unbiased and are based on a comprehensive list of criteria. Allstate Insurance Co. is now selling individual disability policies that allow policyholders to maintain a portion of their income while disabled, regardless of whether the disability is work-related or due to sickness or injury. Called “Heritage Protector” and “Heritage Protector Plus,” the individual policies are available through Allstate agents and allow individuals to apply for benefits up to 60 percent of their income with a minimum benefit amount of $400 per month and a maximum of $7,000 per month. The policies also carry a choice of benefit periods (two years, five years, and up to age 65) and a variety of waiting periods (30, 60, 90, 180, and 365 days). Policyholders may also purchase optional benefits, such as accidental death and dismemberment and inflation protection. “Many Americans do not realize the importance of individual disability income insurance,” says William H. Monie Jr., executive vice president of Allstate’s workplace division. According to a recent survey released by the Consumer Federation of America and the American Council of Life Insurers, 82 percent of workers in the United States either have no long term disability coverage or have coverage they believe is inadequate. Related Articles The basics of accidental death and dismemberment insurance Health insurance basics More health insurance stories Related Articles Everything you need to know about open enrollment for 2024 By Nupur Gambhir How to get your health insurer to pay for your weight-loss or bariatric surgery By Susan Manning Guide to domestic partner health insurance By Chris Kissell What is a health insurance deductible? By Shivani Gite When to reject the health insurance plan at work By Erik Martin How to buy individual health insurance By Nupur Gambhir Get instant quotes now ! Please enter valid zip Get Quotes