What does Disability Insurance mean? Read on to discover the definition & meaning of the term Disability Insurance - to help you better understand the language used in insurance policies.
Insurance policy that pays disability benefit as a partial replacement of income lost due to illness or injury. Most disability insurance policies pay a fixed sum for a fixed period, while others pay a monthly sum for the entire period the insured is disabled from earning suitable income (as determined by his or her qualifications, experience, and training).
We hope the you have a better understanding of the meaning of Disability Insurance.