Most people shopping for disability insurance don’t realize that significant discounts are available — and insurance companies won’t volunteer this information unless you ask. Working with an independent broker ensures you get every discount you’re eligible for before you apply.
Types of Disability Insurance Premium Discounts
AMA Discount
Savings: ~10%
MetLife offers a 10% discount to members of the American Medical Association (AMA). You do not need to be a member at the time of application — only upon policy approval. Continuous membership is not required to maintain the discount.
Association Discount
Savings: varies by carrier
Membership in a qualifying local or national business or professional association may entitle you to a premium discount. Eligibility varies by carrier and association — ask your broker which associations qualify with each company.
Business Owner Discount
Savings: 10–15%
Guardian offers a 10% discount to business owners registered with a specific national association. Standard Insurance offers a 15% discount to owners holding at least 25% of a business with two financially successful years of operation. Not available for medical or dental occupations.
Multi-Life Discount
Savings: 10–30% (up to 50% for women)
When three or more employees from the same business apply together, a group discount of 10–30% applies and premiums are based on unisex rate tables. Since women typically pay significantly more than men for disability coverage, unisex rates can save female applicants up to 50% compared to individual rates.
Student / Resident Discount
Savings: ~10%
All major disability carriers target medical professionals early in their careers. Students, residents, and fellows at participating medical schools qualify for a 10% discount. Many medical colleges have formal partnerships with carriers — contact us to find out which discounts apply at your institution.
Mental/Nervous Disorder Discount
Savings: 5–10%
In states where carriers limit mental/nervous disorder benefits (typically to a 24-month maximum), a 5–10% premium discount is often included to offset the reduced coverage. This discount is applied automatically where applicable.
Qualifying Requirements at a Glance
How to Make Sure You Get Every Discount
Discount programs change over time and vary significantly between carriers. The most reliable way to ensure you receive all available discounts is to work with an independent broker who represents multiple companies and knows each carrier’s current programs. When we run your quotes, we apply every eligible discount automatically so you see your true best rate — not the standard retail rate.
Find Out Which Discounts You Qualify For
Call us at 1-888-972-0024 or request a quote and we’ll identify every discount available for your situation.