DIonDEMAND Disrupts Disability Insurance Industry with Instant Online Policy Issuance

SAN DIEGO, April 26, 2016 /PRNewswire/ -- Today, DIonDemand announced the launch of its revolutionary new disability insurance service in 42 states across the country. As the first source for instant policy delivery, DIonDemand facilitates direct policy purchase, which includes quoting, approving and issuing the policy in less than 20 minutes.

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Using innovative predictive underwriting, DIonDemand is able to provide its visitors with fast, easy, and affordable coverage plans. On the DIonDemand site, visitors are asked to answer nine questions anonymously. Upon completion, a number of policy options are presented to the visitor. Then, the visitor can choose the most suitable disability insurance policy and apply for coverage. The system immediately approves or declines the application and issues the policy.

"We wanted to create an expedited and affordable way for people to secure disability insurance," said Daniel Steenerson, president and CEO of DIonDemand. "With DIonDemand, we offer instant policies written by a stable, well-regarded carrier backed by the strongest reinsurer in the world."

Through DIonDemand, policy premiums cost approximately 1% of annual income, compared to traditional disability insurance policies, which cost approximately 3% of one's annual salary. Meanwhile, the benefits provided by DIonDemand protect roughly 82% of the insured's net take home pay, tax-free.

The policies offered by DIonDemand can be used individually, or as a supplement for employer-provided benefits, which are often capped and taxed, limiting the amount received. "After taxes, employer-provided disability benefits are usually insufficient to maintain a family's lifestyle," Steenerson says. This service is tailored specifically to benefit middle-class Americans who earn between $50,000 and $150,000 annually, on average.

"While everyone understands the importance of life, car, and home insurance, disability insurance is actually more crucial than all of those," added Steenerson. "Without a steady paycheck, all of your assets can be at risk while all financial plans and savings go by the wayside."

To learn more about DIonDemand's instant policy issuance or to apply for coverage online, visit DIonDemand.com or visit the company's Facebook and Twitter pages.

About DIonDemand

Headquartered in San Diego, Calif., DIonDEMAND Insurance Services was founded by the leaders of one the nation's largest disability insurance distributors. The company's goal is to reach a broader audience of middle-income people who need income protection even more than the affluent. In the past, this broader audience was underserved and often outpriced by the traditional disability insurance market. The DIonDEMAND.com website offers affordable income protection, with policy quote, approval and issue in real time – a first in the disability insurance industry.

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SOURCE DIonDemand