Originally Posted by pfg1
What do you mean by that?
He means that Mass pays dividends on policies other than just WL. I dont think the DI starts receiving Dividends until year 5 if I remember correctly. It is simply an internal calculation though and does not build CV or anything. They say it can help to offset premiums.... but I have never come across someone with Mass DI that has had reductions in premiums due to dividends... hopefully it does happen though.
With the Discounts he means that Mass gives multi-policy discounts. So if you have a DI and a Life policy they will give you a 10% discount on each.
But when it comes to policy vs. policy from a benefits standpoint, Guardian beats Mass easily.
Just from what I can remember, Guardian has a stronger:
- Definition of Disability
- Residual Disability Benefit
- Waiver of Premium
- Waiver of Elim Period
- Occupational therapy and home modification benefit (Mass only covers therapy, no home mods at all)
- Auto increase rider
- Guardian also has more COLA options to choose from than Mass. So it is more customization for the situation and needs.
Guardian also offers a lump sum option and I dont think Mass offers that either.
Mass is a great carrier, especially for life and ltci. But Guardian beats their DI pretty much every day of the week without question. Same for The Standard. jmho