Disability income insurance provides benefits that are designed to

Question

Quizplus · Accepted Answer

Disability income insurance is designed to provide benefits in the event that an individual becomes disabled and is unable to work. These benefits are intended to substitute for lost income and help the individual and their family maintain their standard of living. Option A is incorrect because hospital care costs from injuries may be covered by health insurance, not disability income insurance. Option C is incorrect for the same reason, and also because disability income insurance generally covers lost income, not hospital costs. Option D is incorrect because disability income insurance is not related to Social Security disability benefits, although individuals may choose to purchase both types of coverage. Option E is incorrect because disability income insurance is not related to retirement income.

Disability Income Insurance Provides Benefits That Are Designed to