Berkshire Life Insurance Company of America, based in Massachusetts, leads in providing individual disability insurance.
This insurance helps safeguard your income when you can’t work because of sickness or injury. BLICOA’s disability insurance has many features and benefits.
Berkshire Life Insurance Company of America (Massachusetts)
Berkshire Life Insurance Company of America (BLICOA), located in Massachusetts, is wholly owned by Guardian Life Insurance Company of America in New York, NY.
BLICOA serves as the Guardian’s Unit for individual disability insurance.
They sell individual disability income insurance and handle all disability income products for the Guardian Group.
BLICOA leads in offering individual disability insurance, which shields your income when you can’t work due to illness or injury.
- Address: 700 South Street, Pittsfield, MA 01201
- Phone: 413-499-4321
- Fax: 413-499-4831
- Website: https://www.disabilityquotes.com/articles/view/berkshire-life-insuance-company-of-america
Services and Products
As of December 31, 2022, BLICOA held total assets amounting to $12.2 billion, while their total liabilities were $10.1 billion. The company’s surplus stood at $2.1 billion.
AM Best, a prominent credit rating agency in the insurance sector, has assigned BLICOA a financial strength rating of A++ (superior).
This rating signifies that BLICOA excels in meeting its ongoing insurance obligations.
To initiate a claim with BLICOA, dial 413-499-4321 to contact the customer service department. A customer service representative will guide you through the claim process and supply the required documents.
Cancellations and Renewals
BLICOA’s disability income insurance policies are usually renewable for life, with the company having the option to adjust premium rates.
Yet, in some cases, either the company or the policyholder may be able to cancel certain policies.
Affiliates and Partnerships
Customers hold BLICOA in high regard, giving it an average rating of 4.5 out of 5 stars on Google. They appreciate BLICOA’s robust financial ratings, quick customer service, and competitive rates.
BLICOA possesses licenses to sell disability income insurance in all 50 states and the District of Columbia. The company follows the laws and regulations of the state where it conducts business.
Q: What is the difference between short-term and long-term disability insurance?
Short-term disability insurance replaces income for a shorter duration, typically up to six months.
Long-term disability insurance replaces income for an extended period, often spanning several years or even a lifetime.
Q: What is guaranteed renewable disability insurance?
Q: What is non-cancellable disability insurance?
Q: How much disability income insurance do I need?
The quantity of disability income insurance you require relies on your individual situation. This includes your income, expenses, and debt.
A practical guideline is to buy disability income insurance that covers at least 60% of your income before the disability.
Nick Greenlight is an experienced individual in the financial sector, with knowledge spanning from investment management to income tax preparation.
He has been writing informative essays on personal finance for over a decade and holds several credentials.