What does Disability Income Insurance mean? Read on to discover the definition & meaning of the term Disability Income Insurance - to help you better understand the language used in insurance policies.
Disability Income Insurance
Disability income insurance is a form of insurance that provides the insured with supplementary income equal to a percentage of their normal income before they become disabled. This benefit only kicks in when a person becomes disabled and can no longer work in the manner that they were doing before. There are both public and private options for disability income insurance.
We hope the you have a better understanding of the meaning of Disability Income Insurance.