What does disability insurance mean?

Definitions for disability insurance
dis·abil·i·ty in·sur·ance

This dictionary definitions page includes all the possible meanings, example usage and translations of the word disability insurance.

Princeton's WordNet

  1. disability insurancenoun

    social insurance for the disabled

Wikipedia

  1. Disability insurance

    Disability Insurance, often called DI or disability income insurance, or income protection, is a form of insurance that insures the beneficiary's earned income against the risk that a disability creates a barrier for completion of core work functions. For example, the worker may be unable to maintain composure in the case of psychological disorders or sustain an injury, illness or condition that causes physical impairment or incapacity to work. DI encompasses paid sick leave, short-term disability benefits (STD), and long-term disability benefits (LTD). The same concept is instantiated in some countries as income protection insurance.

ChatGPT

  1. disability insurance

    Disability insurance is a type of insurance policy that provides income to a policyholder, who becomes unable to work due to a disability. It can offer financial protection by replacing a portion of the individual's income that is lost during the period of disability. The disability could be due to physical injury, illness, or mental health conditions. It can be provided as a part of a benefits package from an employer or purchased individually from an insurance company.

Wikidata

  1. Disability insurance

    Disability Insurance, often called DI or disability income insurance, is a form of insurance that insures the beneficiary's earned income against the risk that a disability creates a barrier for a worker to complete the core functions of their work. For example the inability to focus or maintain composure as with psychological disorders or an injury, illness or condition that causes physical impairment or incapacity to work. It encompasses paid sick leave, short-term disability benefits, and long-term disability benefits. Statistics show that in the US a disabling accident occurs on average once every second. In fact, Nearly 18.5% of Americans are currently living with a Disability, and 1 out of every 4 persons in the US workforce will suffer a disabling injury before retirement.

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Numerology

  1. Chaldean Numerology

    The numerical value of disability insurance in Chaldean Numerology is: 7

  2. Pythagorean Numerology

    The numerical value of disability insurance in Pythagorean Numerology is: 7

Examples of disability insurance in a Sentence

  1. The OIG:

    SSA did not ensure new representative payees were selected when current payees died, based on our sample results, we estimated 2,548 deceased payees received approximately $46.8 million in [Old-Age, Survivors, and Disability Insurance] OASDI benefits and [Supplemental Security Income] SSI payments.

  2. Kathy Hochul:

    If you make $27,000 a year, it's about 65 cents a week, a small amount of your income is put into this fund and will be there when you need. Just like disability insurance works and if you get injured on the job and need to take that money, it's there.


Translations for disability insurance

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"disability insurance." Definitions.net. STANDS4 LLC, 2024. Web. 30 Apr. 2024. <https://www.definitions.net/definition/disability+insurance>.

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