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LAST UPDATED: April 30th, 2021

Ameritas is a reliable and trusted insurance carrier. It has stood the test of time and earned high financial strength ratings, which means you can be confident when purchasing one of its insurance policies.

Ameritas stand out from other disability income insurers for its DInamic Fundamental policy. This policy offers a lump sum payment in the event of a qualifying disability. Most disability income policies offer set monthly payments over a certain period of time.

Ameritas has additional policy options for individuals and business owners.

Top Ranked Companies


The Good

  • Reliable Company
  • DInamic Fundamental Policy Offering
  • Individual Disability Insurance
  • Policies for Business Owners

Reliable Company

Ameritas has earned high financial strength ratings from A.M. Best. High ratings are a good indicator that an insurer will be able to meet its claims obligations. You can depend on Ameritas.

Founded in 1887, Ameritas has also stood the test of time. The insurer's longevity and high financial strength make it a great choice when buying insurance coverage.

DInamic Fundamental Policy Offering

Ameritas stands out for its DInamic Fundamental policy. This policy pays a lump sum benefit if your disability prevents you from working in jobs you are qualified for, will last a year, and you've survived the disability for at least 30 days.

Most disability insurance policies pay a monthly benefit. Since this policy pays a lump sum benefit, you'll want to use it carefully so your needs are met.

You can add the following riders to Ameritas's DInamic Fundamental disability policy: accident only disability, catastrophic disability, and critical illness. These riders add additional protection under defined circumstances.

Individual Disability Insurance

Ameritas's DInamic Foundation policies stand out for their structure and included features.

These plans offer some great built-in features. A few of the uncommon features these policies include are a good health clause that shortens the elimination period so you can receive benefits sooner, COBRA premium coverage that reimburses COBRA health insurance premiums if you lose your job, and coverage for disability resulting from cosmetic surgery. 

(The elimination period is also referred to as the waiting period. It's how long you have to wait for benefit payments to start after making a disability insurance claim.)

With these great features built into these policies, they protect more than your monthly income.

You can also customize your policy by choosing a noncancelable or Guaranteed Renewable policy, set elimination and benefit periods, and choose riders.

Ameritas's social insurance substitute and student loan repayment riders stand out. The social insurance substitute rider offers benefits while you wait for payments from Social Security Disability or Workers Compensation. The student loan repayment rider offers reimbursement for your student loan payments.

Policies for Business Owners

Ameritas also offers disability insurance to meet business owners' needs. Its offerings include Business Overhead Expense (BOE) protection and disability salary continuation. Employers can also choose to offer Ameritas's Guaranteed Standard Issue disability insurance to their employees.

Offering policies geared for business owners and employee disability benefits makes Ameritas a good one-stop shop for employers.


The Bad

  • Insufficient Customer Insight
  • No Specific Offering of Long-Term or Short-Term Disability

Insufficient Customer Insight

Ameritas disability insurance reviews are limited on, so general conclusions about the customer experience are not available.

No Specific Offering of Long-Term or Short-Term Disability

While Ameritas doesn't specifically offer long-term or short-term disability policies, its policies allow you to customize your benefit period and elimination period. However, the period length options aren't specified. The elimination period and benefit period lengths are the biggest difference between long-term and short-term disability.

Since you can customize the benefit and elimination periods, you may be able to find a short-term or long-term policy.


The Bottom Line

Ameritas is a recommended insurance company for its industry experience and high financial strength ratings.

Business owners and individuals alike can find good disability coverage options through Ameritas. Individuals can choose between the DInamic Fundamental policy that offers a single lump sum payment or a more traditional DInamic Foundation policy.

Business owners can use Ameritas's policies to protect their business expenses, business income, and offer disability insurance in their benefits package.

We recommend working directly with the company to find out if an Ameritas disability insurance policy is a good fit for you.

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