Founded in 2018, LeverageRx is an online disability insurance platform designed to make disability insurance shopping simple for medical professionals.
Through LeverageRx's platform, you can compare disability insurance policies from several financially strong insurers. The disability insurance policies sold through LeverageRx include an own-occupation definition of disability that protects your income if you can no longer work in your field, even if you could get a different kind of job.
LeverageRx allows you to quickly compare policy options from multiple insurers online. First, you answer some questions. Based on your responses, you'll see various disability insurance options.
Once you find a policy that meets your needs, you'll work with a LeverageRx agent to apply and buy your policy.
This three-step process allows you to research on your own and finalize your application and purchase with an agent familiar with the industry.
LeverageRx is specifically designed for medical professionals, particularly physicians. Because of this focus, policies purchased through LeverageRx's platform have own-occupation definitions.
Own-occupation is important because it allows you to receive benefits if you become unable to work in your profession even if you could get a job in another field. Medical professionals often invest significant time and money in developing their skills, so protecting your income is important.
LeverageRx sells policies from top-rated insurance companies. Top financial strength ratings indicate an insurer's financial stability and that it is likely to be able to meet its claims obligations.
On LeverageRx, you can view insurance company overviews for its partners. You can sort companies many ways, which makes LeverageRx stand out from its competitors.
You can view insurers by A.M. Best financial strength rating and location. You can also view only mutually owned companies, companies with shareholders, or both.
This ability to sort insurers in different ways allows you to find the best insurer based on your preferences.
LeverageRx is a platform primarily for health care professionals. If you're not a health care professional and need disability insurance, you'll need to consider another disability insurance platform.
Although LeverageRx has many positive features, it has not received many customer reviews on Best Company. Conclusions about the customer experience cannot currently be made.
However, if you're in a medical field and are looking for a simple way to purchase disability insurance, LeverageRx is worth exploring further.