Disability income insurance

(redirected from disability insurance)
Also found in: Dictionary, Thesaurus, Medical, Acronyms, Wikipedia.
Related to disability insurance: Disability Benefits

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 ?
We represent all of the disability insurance carriers and with "one stop shopping," can provide an insightful and convenient experience for all of your needs.
Your income and ability to work are your most valuable assets, no matter what career phase you are in," says Larry Schneider, founder of the Disability Insurance Resource Center, who has worked as a broker in the field since 1972.
Much of the effect of disability insurance eligibility on work effort appears to be due to the "income effect"--the fact that disability insurance transfers income to beneficiaries and thereby reduces their value of additional earnings--not because earning more would reduce the beneficiaries' payment from disability insurance.
Five states (California, Hawaii, New Jersey, New York and Rhode Island) offer separate disability insurance programs.
Once agents have sold the idea to employers, they must convince employees that disability insurance is an essential protection.
When employers purchase disability insurance from Sun Life in addition to TDI insurance, workers can benefit from integrated customer service for the length of their disability.
In light of the fact that player salaries are guaranteed, it's no surprise that the Baseball Players' Association has no formal policy on the use of disability insurance.
Now there's another shift in the market, and "we're coming back to middle ground," said Chuck Krugh, president and chief executive officer of Doctors Disability Insurance Inc.
Veazey moved back to her hometown in Tennessee, where she knew people and where her benefits, from SSDI and from the private disability insurance she'd purchased, would stretch further.
I had to be on bed rest for a part of my pregnancies, so I was very interested in having more disability insurance to cover the time I was not working," she says.
The most common way partners prepare for funding a purchase in the event of a death is to have each owner obtain life or disability insurance policies on the other partners in amounts sufficient to pay for the business interest.

Full browser ?