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.

BREAKING DOWN '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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RELATED FAQS
  1. What is disability-income insurance?

    Disability-income insurance is insurance that provides financial benefits to a policyholder in the event of sickness or injury ... Read Answer >>
  2. Which insurance policies do I really need?

    Your needs for insurance depend on your situation and can't be generalized for everyone, but there are a lot of options available. ... Read Answer >>
  3. Is there a limit on the amount of disability insurance that I can buy?

    Disability insurance policies are designed to partially replace your income in the event that you become disabled and cannot ... Read Answer >>
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