insurance

What is disability income insurance?

 

What is disability income insurance?

The Bankrate.com financial term of the day is: "disability income insurance."

How would you get paid if your health took such a seriously bad turn that you'd use up all of your sick days and still couldn't go back to work? That's when you need disability income insurance -- or, more simply, disability insurance. These policies provide some income when yours is lost because you've become sick or disabled. Your employer might provide disability coverage, or you can buy a private, individual policy, or there are government-sponsored programs, such as Social Security disability.

Disability income insurance protects you from going broke when you can't go to work because of a serious health issue.

To get an insurance quote, visit the Insurance section at Bankrate.com.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
 

A little research could save you BIG on interest.

Don't have time? Our rate-tracker tool saves you time and money. Delivered Thursdays.
 
advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

Check credit before auto loan

The news that an auto finance company distorted consumer credit records for years is a good reminder to check your credit report regularly.  ... Read more


Connect with us