Real Estate Glossary

What is Disability Insurance?

Disability insurance is a type of insurance that provides financial protection in the event that an individual is unable to work due to a disability. Disability insurance may cover a variety of disabilities, including physical injuries, illnesses, or mental health conditions, and it may provide benefits in the form of a percentage of an individual's income or a fixed amount. Disability insurance may be provided by an employer, purchased individually, or obtained through a government program.