Disability-Income (DI) Insurance

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DEFINITION of 'Disability-Income (DI) Insurance'

An insurance product that provides supplementary income in the event of an illness or accident resulting in a disability that prevents the insured from working at their regular employment. Benefits are usually provided on a monthly basis so that the individual can maintain their standard of living and continue to pay their regular expenses.

INVESTOPEDIA EXPLAINS 'Disability-Income (DI) Insurance'

aGiven the statistical likelihood of becoming injured or sick and being unable to work in one's regular occupation, DI insurance products are very useful and can be tailored to meet almost any individual's working situation.

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    Disability-income insurance is insurance that provides financial benefits to a policyholder in the event of sickness or ... Read Full Answer >>
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    Disability insurance policies are designed to partially replace your income in the event that you become disabled and cannot ... Read Full Answer >>
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    An insurance company, like any other nonfinancial company, needs access to liquidity in case it needs to fulfill its debt ... Read Full Answer >>
  5. What economic indicators are important to monitor when investing in the insurance ...

    Inflation and interest rates are the best economic indicators to monitor when investing in the insurance sector. Unlike with ... Read Full Answer >>
  6. Why do some companies in the insurance sector engage in reinsurance?

    Some companies in the insurance sector engage in reinsurance because they want to reduce risk. Reinsurance is basically insurance ... Read Full Answer >>
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