What is Disability Income Insurance? - dibrokerWest


What is Disability Income Insurance?

For most of us, if we’re unable to work, we’re unable to collect a paycheck. However, even though money isn’t coming in, your bills still need to be paid. Disability income insurance protects workers’ income if they suddenly become unable to perform their job.
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Disability Insurance Features

Disability insurance policies are highly customizable, and each insurance company offers different terms and conditions to be considered. Below are some features of a disability insurance policy.
  • Benefit Amount
  • Benefit Period
  • Elimination/Waiting Period
  • Increase Options
  • Exclusions/Limitations
  • Residual or Partial Disability Rider
  • Own occupation/Specialty Rider
  • Cost of Living Increase Rider

What are different types of disability insurance?