Ohio National News

Moody’s downgraded Ohio National from stable to negative.  Moody’s dropped Ohio National’s rating from A3 to Baa1 as of June 28, 2022.

At InsuranceMd we specialize in assisting doctors in purchasing Own Occupation disability insurance.  Currently, only 7 insurance carriers offer physicians “True” Own Occupation disability insurance.  Ameritas, Guardian, MassMutual, Mutual of Omaha, Ohio National, Principal, and The Standard.  Since 2016, Ohio National has been a player in the Own Occupation market for physicians.  Because of this, we have sold Ohio National products in circumstances where coverage and pricing were in the best interest of the physician.

Since we pledge to our clients that we only sell “True” Own Specialty Disability Insurance we will continue to quote Ohio National’s Long Term Disability product.  However, we also pledge that we work with carriers that are rated A or better.

We recommend that physicians read the report published by Moody’s to determine their own level of comfort.  It should be noted that Ohio National still holds an A rating with AM Best from September of 2021.

How the other six carries are rated

Ameritas Rating

The Ameritas Insurance Company does not currently participate in Moody’s rating program.  However, Standard & Poor holds an A+ rating, and AM Best holds an A rating.

Ameritas has a strong Own Occupation Disability policy for Physicians and therefore we still recommend them as a good option for physicians.

Moody’s Rating

Guardian’s strength rating from Moody’s is considered AA2 (Excellent).

Guardian has a strong Own Occupation Disability policy for Physicians and therefore we still recommend them as a good option for physicians.

Moody’s Rating

Mutual of Omaha is rated by Moody’s as A1 (Good).

Mutual of Omaha has a strong Own Occupation Disability policy for Physicians and therefore we still recommend them as a good option for physicians.

Moody’s Rating

MassMutual is considered by Moody’s as Aa3.

MassMutual has a strong Own Occupation Disability policy for Physicians and therefore we still recommend them as a good option for physicians.

Moody’s Rating

Principal’s Financial Strength rating from Moody’s is considered A1 (Good).

Principal has a strong Own Occupation Disability policy for Physicians and therefore we still recommend them as a good option for physicians.

Moody’s Rating

The Standard Insurance Company’s financial strength rating by Moody’s is considered A1 (Good).

The Standard has a strong Own Occupation Disability policy for Physicians and therefore we still recommend them as a good option for physicians.