What Is Disability Insurance For?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Disability insurance provides replacement income to a worker who has become unable to work due to illness or injury. There are Disability insurance policies that will pay for short term or long term disability. The policies will pay cash to the insured person for the length of the time that his/her disability continues, or for a set period of time, depending on the features of the policy.
    Answered on May 18, 2013
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  2. 2180 POINTS
    Kelly Moser
    Social Media Strategist, Disability Insurance Services, California
    Disability Insurance, also commonly referred to in the insurance world as "paycheck protection," pays a benefit to the insured should she become disabled (sick or injured) and unable to work. The monthly benefit typically covers 60-65% of one's income and can be used for rent, bills, groceries, medical co-pays, etc.
    Answered on November 25, 2013
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