Disability insurance is often termed as disability income insurance or simply DI. The policy holder gets the assurance of regular income even during the course of some disability which makes working uncomfortable. It offers payments during sick leave and other short-term and long term disability benefits.
The disability insurance policies are of different types including: individual disability insurance, high-limit disability insurance, Key-person disability insurance, etc. Individual disability insurance is beneficial for those people who do not get disability benefits from the employers or those who are self-employed.
The size of premiums and scope of benefits may vary among states, countries, companies, and occupations. Online disability insurance calculators are very helpful in determining these types of disability insurance policies. The high-limit disability insurance keeps the disability benefits at 65 percent of the individual’s income. The key-person disability insurance ensures protection to a company against a financial loss due to the disability of one of the key employees. Hence, disability insurance is very important for the working people.