disability income insurance

An insurance policy that insures a worker in the event of an occupational mishap resulting in disability. insurance benefits compensate the injured worker for lost pay. Bloomberg Financial Dictionary

Financial and business terms. 2012.

Look at other dictionaries:

  • disability income insurance — insurance covering one in the event of disablement …   English contemporary dictionary

  • Social Security Disability Income Insurance — Program financed by the Social Security tax to provide assistance to disabled individuals with disabilities expected to last at least one year, to compensate for lost income. Bloomberg Financial Dictionary …   Financial and business terms

  • 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… …   Investment dictionary

  • loss-of-income insurance — Insurance coverage that will pay out income that a policyholder loses as a result of a disability, injury, or business disruption. Bloomberg Financial Dictionary …   Financial and business terms

  • 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 will make working (and therefore earning) impossible. It includes paid… …   Wikipedia

  • Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… …   Wikipedia

  • Disability Insurance — A program managed by the Social Security Administration that insures a worker in case of a mishap. Disability insurance offers income protection to individuals who become disabled for a long period of time, and as a result can no longer work… …   Investment dictionary

  • Insurance in Australia — Australia has a sophisticated and well developed insurance market, which can be divided into roughly three components: life insurance, general insurance and health insurance. These markets are fairly distinct, with most larger insurers focusing… …   Wikipedia

  • insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… …   Universalium

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

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