Disability Income Insurance is a type of health insurance that provides income payments to the insured wage earner when income is interrupted or terminated because of illness, sickness, or accident.
Duration of benefits refers to the period over which disability income insurance provides financial support to an eligible policyholder following an illness or injury causing disability.
Income replacement is a benefit in disability income insurance that provides monthly income payments to an injured or ill wage earner, replacing a percentage of lost earnings.
Total disability refers to an injury or illness that is so serious it prevents a worker from performing any functions for which he or she is educated and trained. Workers with total disability may qualify for Disability Income Insurance, either through a private employer's plan or through the Social Security Disability Income Insurance program.
