Why You Should Trust Us
Investopedia reviews are based on thorough, unbiased research and analysis conducted by our team of experts. We compiled this list of the best long-term disability insurance companies by gathering data on 11 providers. We considered factors like coverage maximums, riders, and premiums, allowing us to provide an objective evaluation. Investopedia was founded in 1999 and has reviewed disability insurance companies since 2020.
How We Chose the Best Long-Term Disability Insurance Companies
Investopedia’s list of the best disability insurance companies is based on extensive research of 11 providers. To be considered for this list, insurance companies had to meet Investopedia’s standards for transparency and financial strength. We gathered 190 data points across 19 criteria between Jan 3, 2025, and Jan 23, 2025. We collected the data from company websites, media representatives, AM Best, and customer service calls.
Then, staff editors and research analysts created a quantitative model that scores each company on eight major categories. We weighted the categories as follows:
- Maximum benefit period: 20%
- Maximum monthly benefit: 18%
- Percentage of income covered: 15%
- Riders: 14%
- Financial strength: 11%
- Minimum elimination period: 10%
- Quotes: 10%
- Maximum issue age: 2%
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