Why Freelancers Need Disability Insurance

Shawn Plummer

CEO, The Annuity Expert

Why Freelancers Need Disability Insurance

Freelancers often face unique financial risks compared to traditional employees, making disability insurance particularly important for them.

Here’s why disability insurance is crucial for freelancers:

1. Income Fluctuation and Instability

  • Variable Income: Freelancers typically experience fluctuating income, which can be significantly impacted by illness or injury leading to disability.
  • No Regular Salary: Unlike salaried employees, freelancers don’t have a consistent paycheck that continues during periods of disability.

2. Lack of Employer-Sponsored Coverage

  • No Workplace Benefits: Freelancers cannot access employer-sponsored disability insurance, a common benefit in traditional employment.
  • Self-Responsibility: It’s up to freelancers to secure their own insurance coverage to protect their income.

3. Diverse Income Sources

  • Multiple Streams: Freelancers often have income from multiple sources, which can complicate the process of proving income for traditional disability insurance policies.
  • Coverage Challenges: Ensuring all income streams are covered can be challenging with standard policies.

4. Need for Maximized Protection

  • Financial Vulnerability: The lack of a safety net in the form of sick leave or employer-sponsored benefits makes adequate coverage crucial.
  • Coverage for Total Income: Freelancers need a policy that considers all their income sources to provide sufficient coverage.

Recommended Provider: Assurity

For freelancers seeking disability insurance, Assurity is a recommended provider due to its flexibility and understanding of freelance income dynamics:

  • Accommodates Multiple Income Streams: Assurity’s products are designed to consider and cover income from multiple freelance sources.
  • Maximizing Benefits: Allows for the maximum possible benefit based on the totality of a freelancer’s income.
  • Customizable Riders: Offers a range of riders to enhance and tailor the coverage to specific needs and scenarios.

Choosing the Right Policy

  • Income Documentation: Be prepared to document all income sources for accurate coverage assessment thoroughly.
  • Policy Comparison: Compare policies and riders to ensure you get the coverage that best suits your freelance lifestyle and income pattern.
  • Professional Guidance: Consult with insurance professionals who understand the nuances of freelance income for tailored advice.


Disability insurance is essential for freelancers due to the lack of employer-sponsored coverage, income fluctuations, and multiple income sources. Providers like Assurity offer flexible and comprehensive solutions tailored to freelancers’ unique needs, ensuring they have adequate protection against the financial impacts of disability.

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Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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