What Is Disability Income Insurance?
.JPG)
63333 POINTSview profilePeggy MaceMost of the U.S.Disability income insurance is insurance that will pay you some of the income that you lost if you were to become disabled. While it cannot replace 100% of your salary, it can replace up to approx 75% of your income, depending on the terms of the disability income policy. You can get a separate disability policy or get a disability income rider on some life insurance policies.Answered on June 7, 2013flag this answer
2180 POINTSview profileKelly MoserSocial Media Strategist, Disability Insurance Services, CaliforniaDisability Income Insurance, also known as "Paycheck Protection," does just that--it protects your paycheck! If you can no longer work due to sickness or an injury, it will pay a portion of your income each month for a pre-determined amount of time. We're quick to protect our homes, our health and our lives, but we forget how easily we could become disabled!Answered on December 2, 2013flag this answer- 63333 POINTSview profilePeggy MaceMost of the U.S.Disability Income Insurance is insurance that pays you cash in the event that you are unable to work due to illness or injury. It is called income because the benefit is a percentage of what your normal income is, and it is paid to you as a replacement to your paycheck.Answered on August 11, 2014flag this answer
10968 POINTSview profileTim WilhoitOwner, Your Friend 4 Life, Brentwood TNDisability insurance could just as easily be called income replacement insurance. A disability plan will pay you up to 70% of your monthly income in case of an injury or illness so severe that you can no longer perform the duties of your current occupation. The benefits can be used to pay your living expenses or anything else you may want or need.Answered on September 11, 2014flag this answer
Did you find these answers helpful?
Yes
No
Go!
Add Your Answer To This Question
You must be logged in to add your answer.
