Disability insurance is a type of insurance that provides income replacement in the event that an individual is unable to work due to a disability or illness.

Disability insurance policies typically cover a portion of the individual’s income and may provide benefits for a specified period of time or until the individual is able to return to work.

Disability insurance policies can be offered by employers as a part of employee benefits packages or can be purchased by individuals. Short-term disability insurance and long-term disability insurance are the two basic types of disability insurance.

Short-term disability insurance typically covers a period of up to six months, while long-term disability insurance may provide coverage for a longer period of time, sometimes until retirement age.

Disability insurance policies may also include additional features, such as partial disability benefits, cost-of-living adjustments, and rehabilitation benefits.

It is important to carefully review disability insurance policies and to work with qualified insurance professionals to ensure that coverage meets individual needs and goals.