Disability

What Does Disability Mean?

A disability is a condition that significantly limits an individual’s ability to lead a normal, productive life. It often results from an accident or illness. Disability insurance provides financial support, allowing individuals to maintain some form of income during periods of disability. The Social Security Administration also offers disability insurance, but this is a public form of coverage.

Insuranceopedia Explains Disability

Disabilities can pose a significant financial risk to individuals and families. For instance, if a family relies on a single breadwinner who becomes disabled, their income could drop to zero instantly. Without disability insurance, this situation could make it impossible to cover essential expenses. Disability insurance, however, offers a monthly benefit to the policyholder, designed to help the individual or family stay financially stable while the policyholder recovers. There are policies available for both long-term and short-term disabilities.