Disability Income Insurance

Help keep yourself financially secure

even if you become sick or injured.

What is disability insurance?

Imagine going through the stress and chaos of a serious illness or injury while trying to figure out how to make ends meet. Not cool, right? If you become ill or injured (think car accident, arthritis or throwing out your back) brightpeak pays you tax-free benefits until you can get back on your feet.

brightpeak offers Disability Income Insurance, which is designed to supplement most short-term disability policies. As the name implies, Disability Income Insurance can help protect your paycheck for a longer period of time. For example, 2 years, 5 years or even to age 67.

What is Disability Insurance?

The Difference Between Long-Term and Short-Term Disability Insurance

Disability insurance statistics in America

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More than 50% of disabled Americans are in their working years, from 18-64.

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The average individual disability claim lasts 31.6 months.

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65% of working Americans say they could not cover normal living expenses even for a year if their employment income was lost.

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Only 1 in 4 of working Americans have disability insurance.

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Fifty-six percent of new disability claims approved during 2013 were for women and 44 percent were for men.

The most common causes of long-term disability claims

When people hear “disability” they often imagine scenarios like losing a limb or being restricted to a wheelchair. In reality, that’s far from true. Most long-term disability claims are a lot less serious – and a lot more common than you might think.

  • Back Pain
  • Musculoskeletal Problems Like Arthritis
  • Heart Disease
  • Cancer
  • Depression
  • Diabetes
  • Physical Injury

Who should consider long-term

disability insurance?

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FULL-TIME & PART-TIME WORKERS

Some employers offer long-term coverage. Others don’t. Either way, having an individual policy for a portion of your income is smart – it isn’t taxed, it’s not tied to your current job and it protects your insurability as you age.

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SOLO ENTREPRENEURS, CONTRACTORS & SELF-EMPLOYED

If you are working for yourself, coverage is just as important. Plus, you’re probably used to figuring things out for yourself – our disability insurance can be a part of your personal benefits package.

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STAY-AT-HOME PARENTS & SPOUSES

Not adding an income doesn’t mean you don’t contribute to your family’s bottom line. Replacing tasks like transportation, housekeeping and meal prep would cost a small fortune. We are one of the only insurers in the country to cover the role of stay-at-home parents and spouses.

Eddie’s Story

Meet Eddie, he has an incredible story. Last year, Eddie was in a car accident that left him unable to return to work. Fortunately, Eddie’s brightpeak Disability Income Insurance policy provided enough money to give financial security for him and his family. What’s even more amazing? Eddie and his wife used the benefit money to help support 20 relatives that were displaced by heavy flooding.

How does disability insurance work?

Disability insurance pricing is notoriously difficult to understand. We’re trying to change that. Our Disability Income Insurance is made up of three major features that impact the level of coverage and cost.

COVERAGE AMOUNT

How big of a payout would you need to protect your lifestyle if you were out of commission with an injury or illness? We offer coverage from $500 – $7500 per month (up to 75% of your monthly income). We recommend purchasing enough coverage to replace 50-75% of your income.

BENEFIT PERIOD

How long do you want your payout to last? We offer payout lengths of 2 years and 5 years, or until age 67.

ELIMINATION PERIOD

How soon after your injury or illness do you want your coverage to kick in? We offer elimination periods of 30 days, 60 days, 90 days or 180 days. We generally recommend 90 days as a good balance of cost and coverage.

How does brightpeak compare to other insurance companies?

brightpeak

Price*: $28

A.M. Best Rating: A++

Religious Affiliation: Christian

Organization Type: Non-for-Profit

Sales Compensation: Non-Commission Sales

Mutual of Omaha

Price*: $51

A.M. Best Rating: A+

Religious Affiliation: None

Organization Type: Mutual Benefit

Sales Compensation: Commission-based Sales

Guardian Life

Price*: $55

A.M. Best Rating: A++

Religious Affiliation: None

Organization Type: Mutual Benefit

Sales Compensation: Commission-based Sales

Assurity

Price*: $61

A.M. Best Rating: A+

Religious Affiliation: None

Organization Type: Mutual Benefit

Sales Compensation: Commission-based Sales

*Pricing provided is based on the average cost of a 30-year old female in good health, non-smoking, 2A Occupation Class with 2-year Benefit Period and a 90 Day Elimination Period.
1A.M. Best Rating: A.M. Best is an independent rating agency. Best’s Financial Strength Ratings (FSR) represent the company’s assessment of an insurer’s ability to meet its obligations to policyholders. The secure ratings range from B+ (Good) to A++ (Superior).
2Organization Type: brightpeak financial, a division of Thrivent Financial, is a fraternal benefit society, which is like a mutual insurance company but with certain tax advantages that allow us to return more money to our member communities.
3Commission-Based Sales: Most insurance companies use agents to sell insurance. While brightpeak also has financial professionals to help you, they’re not paid on commission. With us, you’re not “just another sale.”
4Elimination Period: An elimination periods is how long it takes before your disability benefit starts. Companies offer a variety of 30, 60, 90 & 180 day elimination periods for a disability policy to qualified purchasers.

5 Reasons People Choose brightpeak

As a Christian not-for-profit organization, our customers are our owners. Anyone who purchases insurance from brightpeak becomes a member-owner. Why does that matter? It means that brightpeak makes decisions based on what our member-owners care about – not greedy shareholders.

Here are five other reasons people choose brightpeak:

  1. We’re a division of Thrivent Financial, a membership organization dedicated to helping Christians live with confidence and generosity.
  2. One of the only disability insurers to have a secure, online application – no need to talk to a financial guide (unless you want to).
  3. We’re one of the only insurers in the country to offer disability insurance for stay-at-home parents.
  4. We offer extended coverage until age 67. Many insurers stop coverage at age 65.
  5. We’re a Christian company that reflects our members’ values of faith, generosity and transparency.

Get insured

You can apply for Disability Income Insurance with brightpeak in two quick steps:

Our strength,

in numbers.

Our Disability Income Insurance policies are backed by Thrivent Financial, the largest fraternal benefits society in the United States and a Fortune 500 company.

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MEMBERS

$ 0 B

IN CLAIMS PROCESSED

$ 0 B

IN RESERVES

What our members are saying

FAQ’s for Disability Income Insurance

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Does disability income insurance cover pregnancy and childbirth?

Disability Income Insurance from brightpeak only provides coverage for disability resulting from complications of pregnancy. A healthy pregnancy or childbirth is not considered a disability.

How long are the disability benefits payable for?

Disability benefits are payable for as long as you are disabled with a maximum payout length of two years, five years or to age 67 per each injury or sickness (depending on which payout length you choose).

You can keep the contract and coverage until age 67 and can qualify for additional benefit periods if you become injured or sick again (if you become sick or injured with the same or related claim, you will need to be well for at least six months between claims. This goes up to 12 months for benefit periods over five years). No separation is needed for a different cause of claim.

Can I increase or change my coverage?

Of course! Your life is constantly evolving and your insurance should do the same. You can cancel or decrease your coverage at any time. Note – there is an automatic pay increase feature that is part of your application. This feature increases your coverage by 3% each year to keep up with inflation (a good thing!). Your premiums will also increase by 3% each year. You may opt out of this feature during the application process. If you would like to increase your coverage beyond the annual 3% increase option, you will likely need to apply for the additional coverage.

How do I know if I’m eligible?

To be eligible you must be between 18-60 years old, a U.S. citizen or green card holder, cannot be currently disabled and must self-identify as Christian. Why the Christian part? We were founded as a Fraternal Benefit Society, which by legal definition is a not-for-profit organization that provides insurance to its members and must be united around a unique common bond. The common bond of Thrivent Financial, of which brightpeak is a division, is Christianity. You can learn more about this here: https://www.thrivent.com/posts/community/a-unique-kind-of-not-for-profit.html.

Additionally, you must be a resident of AK, AL, AR, AZ, CO, GA, IA, ID, IL, IN, KS, KY, LA, MD, MI, MN, MO, MS, NC, NE, NV, OH, OK, PA, RI, TN, TX, UT, VA, WA, WI, WV or WY. Exclusions and limitations may apply. Call one of our Financial Guides if you have questions about your eligibility: 888-407-3293.

What is the “elimination period” for disability income insurance?

The elimination period is the time between when you become disabled and when you begin receiving benefits. (Some companies also call this the “waiting period.”) Depending on what you choose, the elimination period for our disability insurance is 30, 60, 90 or 180 days. So, let’s say you choose a 90-day elimination period. This means that you will have to be disabled for at least 90 days until you can start receiving benefits (money) from us. This might seem a little weird, but it’s designed to supplement short-term disability insurance often provided through an employer. Short-term policies usually last between three and six months, which is enough for minor illnesses or injuries, but what happens if your disability lasts beyond the time your short-term coverage ends? How would you fill the gap in your income, especially if you have additional medical expenses? That’s where long-term disability insurance comes in – and that is why many people choose to protect their paychecks with both short- and long-term coverage.

What is underwriting?

Underwriting is the process insurance providers use to evaluate the risk and liabilities of an applicant. Through the process, the providers determine how much coverage the applicant can get, how much they should pay for it and if they should accept the risk and insure them.

Get your free quote now