Berkshire Life Insurance Company of America (Massachusetts): Contacts, Coverage, Ratings, Claims, Reviews, Benefits and FAQs

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 (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.

Contact Details

  • 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

Services

BLICOA provides disability income insurance to safeguard your income if you can’t work due to illness or injury.

They offer a range of disability income insurance products, each with its own unique features and benefits.

BLICOA manages all disability income claims for the Guardian Group.

This involves reviewing claims, making benefit payments, and assisting policyholders in returning to work.

Their customer service representatives are available to answer your questions about disability insurance and help you file a claim if necessary.

Products

BLICOA offers various individual disability income insurance products, such as non-cancellable and guaranteed-renewable policies, short-term disability insurance, long-term disability insurance, and multi-life disability insurance.

Additionally, they provide disability riders that can enhance your coverage, like the cost-of-living adjustment rider, the own-occupation rider, and the future purchase option rider.

You can purchase BLICOA’s disability income insurance products through independent insurance agents or the Guardian Career Agency System.

Financial Details

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.

Ratings

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.

Claims Process

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

Guardian Life Insurance Company of America wholly owns BLICOA. Guardian, a top mutual life insurance company, provides various insurance and financial products.

Customer Reviews

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.

Legal Compliance

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.

Benefits of Berkshire Life Insurance Company of America (BLICOA)

  1. Financial Protection: BLICOA’s disability income insurance shields your income in case of illness or injury, ensuring you can maintain financial security and cover your expenses even when unable to work.
  2. Peace of Mind: Having disability income insurance from BLICOA offers peace of mind, assuring you and your family are financially safeguarded in the event of a disability.
  3. Choice of Products and Riders: BLICOA provides a range of disability income insurance products and riders, allowing you to tailor your policy to meet your specific needs and budget.
  4. Competitive Rates: BLICOA offers competitive rates for its disability income insurance products.
  5. Strong financial strength and stability: Backed by Guardian Life Insurance Company of America, BLICOA benefits from a strong financial track record and an A++ (superior) rating from A.M. Best.
  6. Excellent Customer Service: BLICOA is committed to delivering excellent customer service. Their customer service representatives are readily available to address your questions and assist with claim filing as needed.

Frequently Asked Questions (FAQs)

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?

Guaranteed renewable disability insurance is a disability insurance type. The insurance company cannot cancel it, except if premiums are not paid.

Q: What is non-cancellable disability insurance?

Non-cancellable disability insurance is a kind of disability insurance. It can’t be canceled by either the insurance company or the policyholder, except if premiums aren’t paid or due to fraud.

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.

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