Disability Income Insurance

What Does Disability Income Insurance Mean?

Disability income insurance is a type of coverage that provides the insured with supplemental income equal to a percentage of their regular income before becoming disabled. This benefit activates only when a person becomes disabled and can no longer perform their previous job duties. Disability income insurance is available through both public and private options.

Insuranceopedia Explains Disability Income Insurance

Disability income insurance acts as a safeguard against the total loss of income in the event of a disability. Certain injuries, such as a broken spine, limb amputation, or traumatic brain injury, can be permanently disabling, requiring lifelong disability income insurance support. For injuries sustained on the job or due to work-related tasks, individuals may also qualify for workers’ compensation benefits.