Jeffrey Manola is an experienced life insurance agent and the founder of Top Quote Life Insurance. His mission when he created Top Quote Life Insurance was to provide online consumers searching for life insurance with the absolute best quotes for term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide you with the ...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Nov 4, 2020

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It’s all about you. We want to help you make the right life insurance coverage choices.

Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.

Life insurance coverage is often purchased with the intentions to provide money for your family in the event you pass away. The tax-free death benefit from a life insurance policy can provide your family with the income needed to continue the same lifestyle of living.

If life insurance coverage can provide an income after you die, could it do the same while your living? The short answer is yes it can. The days of life insurance coverage providing just a death benefit have changed with the addition of unique policy riders, such as the disability income rider.

Looking to compare life insurance policies? We can help. Enter your ZIP code to get free quotes from multiple insurers.

Monthly Disability Income from your Term Life Insurance Policy

Life insurance riders are add-ons that can take your basic life insurance policy, which provides just death benefit protection, to both death benefit protection as well as income protection.

Policy riders come in a variety of types, from free riders to riders that cost additional money and even unique policy riders that pay if you get sick from a chronic, critical or terminal illness known as living benefits.

Another unique policy rider that we wanted to share is one that can provide you a monthly income if you become disabled. The disability income rider provides an income if you become injured or disabled and cannot work, due to a covered illness or injury.

The disability income rider is a life insurance rider that should not be mistaken for a disability policy. Adding the disability income rider can make for a great alternative to a disability policy that may be too costly. The disability income rider can also be used to supplement for additional income on an active disability policy, as well as provide you with life insurance coverage.

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Life Insurance Companies with the Monthly Disability Income Rider Option

The disability income rider can make for a great addition to any term life insurance policy but it’s only offered by a few life insurance companies, making it a rare policy rider.

Top Quote Life Insurance offers two of the top (A) rated life insurance companies Assurity Life Insurance and Transamerica Life Insurance that offer this rare life insurance rider on their term life insurance coverage.

Assurity

Assurity Final Expense

Assurity Life Insurance offers the monthly disability income rider on their Term Life with Accelerated Underwriting coverage. The disability income rider can be added to all term lengths and will remain active until age 65.

  • Elimination Period: 90 Days
  • Maximum Payout Period: 2 Years
  • Minimum Monthly Benefit: $300
  • Maximum Monthly Benefit: $3000

Transamerica Life Insurance

Transamerica Life Insurance Monthly Disability Income Rider

Transamerica life insurance offers the option to add the monthly disability income rider on their Trendsetter Living Benefits term life insurance coverage. Trendsetter living benefit is a unique type of coverage, as it can provide tax-free income from the policy’s death benefit for any qualifying critical, chronic or terminal illness.

The living benefits coverage, in combination with the monthly disability income rider, makes this life insurance coverage truly one of a kind. The monthly disability income rider is available on all living benefit coverage lengths of 15, 20, 25 and 30 years.

  • Elimination Period: 90 Days
  • Maximum Payout Period: 2 Years
  • Minimum Monthly Benefit: $300
  • Maximum Monthly Benefit: $2000

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How to get a Term Life Insurance Quote with Disability Income Rider

The monthly disability income rider is a policy rider that is available at an additional price. The instant quote form will provide you with quotes for life insurance coverage without policy riders.

Please feel free to send us a message with your quote request, if you are interested in a quote with a disability income rider. When sending a message please include the following information:

  • Date of Birth
  • Gender
  • Tobacco Use
  • Health Issues
  • Prescriptions
  • Coverage Amount
  • Coverage Length
  • Monthly Disability Amount

Looking to compare life insurance policies? We can help. Enter your ZIP code to get free quotes from multiple insurers.