What does Loss of Income mean? Read on to discover the definition & meaning of the term Loss of Income - to help you better understand the language used in insurance policies.
Loss of Income
Loss of income refers to the situation in which a person's source of money for expenses or lifestyle, such as salary from a job or income from a business, is terminated. This financial risk can be covered by insurance.
We hope the you have a better understanding of the meaning of Loss of Income.