Disability Income Insurance

Disability income insurance is a type of insurance policy that provides periodic payments to replace a portion of an individual's income if they become unable to work due to illness or injury. This coverage is designed to help maintain financial stability by covering essential living expenses when the insured cannot earn an income, typically replacing 45% to 65% of gross income depending on the policy. Disability income insurance can be obtained through employers, privately, or as part of Social Security, and may cover short-term or long-term disabilities based on the policy’s terms.