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 disability insurance companies for self-employed people by gathering data on 10 providers. We considered factors like coverage maximums, riders, and premiums, allowing us to provide an objective evaluation. Investopedia was founded in 1999 and has been reviewing disability insurance companies since 2020.
How We Chose the Best Disability Insurance Companies for Self-Employed People
Investopedia’s list of the best disability insurance companies is based on extensive research of 10 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 nine major categories. We weighted the categories as follows:
- Maximum benefit period: 20%
- Maximum monthly benefit: 18%
- Percentage of income covered: 15%
- Riders: 14%
- Minimum elimination period: 10%
- Quotes: 10%
- Policy types: 8%
- Financial strength: 3%
- Maximum issue age: 2%
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