Disability income insurance


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Disability income insurance

An insurance policy that insures a worker in the event of an occupational mishap resulting in disability. Insurance benefits compensate the injured worker for lost pay.

Disability Income Insurance

In the United States, a program, run by the Social Security Administration, that provides for the lost income of individuals who become disabled for an extended period of time. Persons who have paid enough of the FICA tax for a long enough period of time are eligible for Social Security Disability Income Insurance. Payments begin at the start of the sixth month of a person's disability. The amount of the benefit varies according to a number of factors.
References in periodicals archive ?
Does that group disability income insurance entirely cover that employee's salary, commissions, bonuses and/or 401(k) plan?
If your situation falls into one of the two categories mentioned above--and chances are it does--the Consumer Federation of America recommends that you purchase disability income insurance.
The three-and-one-half-day seminars cover group short- and long-term disability income insurance contracts, benefits, underwriting and pricing.
All three coverages--health insurance, disability income insurance, and long-term care insurance--are important to an individual's financial well-being.
It is dear from these findings that employer awareness of the features and benefits of disability income insurance is lacking.
to identify the unique characteristics and risks involved with individual disability income insurance
The subsidiary will promote Unum's long-term disability income insurance plans, which Chiyoda has already begun marketing, in combination with its parent company's life insurance policies.
Disability income insurance policies can be classified broadly as either short or long term.
Until now, applying for individual disability income insurance could be a somewhat labor-intensive experience.
Clients need to know that disability income insurance is important because it provides income replacement to continue paying bills and everyday living expenses if a person becomes too sick or injured to work.
Of all the products you have the opportunity to sell, arguably the most neglected is disability income insurance.
For this group of top performers, the executive bonus concept, funded with life and/or disability income insurance has become the benefit of choice.

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