Disability income insurance will provide income to a disabled or ill person ___________.

Question

Disability income insurance will provide income to a disabled or ill person ___________. ​

Quizplus · Accepted Answer

Disability income insurance typically has a waiting period before benefits begin to be paid out, usually 30-90 days. The purpose of this waiting period is to ensure that the coverage is being used to provide protection against long-term disabilities rather than temporary ones. It is also important to note that disability income insurance generally does not pay out indefinitely or up to age 70, but rather for a specified period of time, such as until the individual is able to go back to work or reaches retirement age.

Disability Income Insurance Will Provide Income to a Disabled or Ill