1. 61667 POINTS
    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    Disability insurance pays (generally tax free) benefits in monthly income if you're unable to work because of prolonged sickness or recovery from an injury after the elimination or waiting period has been satisfied. Disability can be purchased as short or long term coverage and is like paycheck protection to maintain your lifestyle.
    Answered on September 10, 2013
  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Work Disability Insurance is provided at group rates by an employer, or is paid for by the employer for employees. You need to be well acquainted with the summary page that outlines your plan's the benefits, requirements, and procedures. If you need to make a claim, ERISA sets guidelines on the timefrrame in which you must be informed of a decision. If your claim is approved, you will receive the disability income as described in your policy's summary page.
    Answered on September 12, 2013
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