What Is The Purpose Of Disability Insurance?

  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 protects you during sickness and injury by paying you income after the elimination period, generally 90 days. That's a good number because most workers have 90 days in cash reserves for emergencies. Disability insurance is really paycheck protection. It's one of the most important insurance products you can buy.
    Answered on July 26, 2013
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  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    The purpose of disability insurance is to replace part of the insured person's income if the insured person becomes unable to work at his/her job, due to injury or illness. The benefit is paid to the insured person in cash so that he/she can use it as he/she sees fit.
    Answered on July 27, 2013
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