What Is The Purpose Of Disability Insurance?

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2 responses to “What Is The Purpose Of Disability Insurance?”

1. 

   July 27, 2013

   Peggy Mace

   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.
2. 

   July 26, 2013

   Steve Savant

   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.