Disability Income Insurance

Disability Income Insurance is an insurance product that is designed to replace your income in the event that you become disabled and unable to work.

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Disability Income Insurance can cover for disabilities due to an illness or an accident (or both).

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Upon satisfying the definition of disability in the policy, the insurance company will pay the insured person a pre-determined monthly amount. The insured person can use these funds however they wish.

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See also Short-term Disability Insurance & Long-term Disability Insurance.