Disability Income

What Does Disability Income Mean?

Disability income refers to the funds a person receives as a benefit of disability insurance. In other words, it is financial support provided to individuals who become disabled, typically sourced from either the Social Security Administration or a private insurance provider. The purpose of disability income is to support disabled individuals by supplementing their finances with a portion of the income they would have earned if they were in full health.

Insuranceopedia Explains Disability Income

Serious disabilities can prevent individuals from earning an income, potentially leading to financial hardship or even bankruptcy without adequate insurance coverage. For instance, a construction worker who experiences temporary paralysis would be unable to work on a construction site. Disabilities can be either temporary or permanent, and there are disability income options available for both types.