Disability Insurance
/ˌdɪsəˈbɪləti ɪnˈʃʊərəns/
Definitions
- (n.) A contract or policy providing income replacement or benefits to individuals unable to work due to physical or mental impairment.
She purchased disability insurance to secure her income if she became unable to work.
- (n.) Government-mandated or employer-provided insurance programs offering benefits to disabled workers.
The employee received disability insurance benefits under the company's group plan.
Related terms
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Commentary
Disability insurance is distinguished by coverage scope—private contracts versus statutory programs—and careful drafting defines eligibility and benefit terms clearly.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.