What is Disability Insurance?

Cite this article as:"What is Disability Insurance?," in The Business Professor, updated January 24, 2015, last accessed November 26, 2020, https://thebusinessprofessor.com/lesson/what-is-disability-insurance/.
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What is Disability Insurance?
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What is Disability Insurance?

Disability insurance provides financial benefits to someone who becomes disabled and is unable to continue working in a given profession or function. Disability insurance coverage is generally divided into short-term and long-term disability.

⁃    Note: Long-term disability insurance is generally in addition to any benefits provided by social security for permanent disability status.

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