disability insurance

Thân thiện

A young woman reviews her disability insurance policy at her desk.

Definition

1. Noun:
   • Social insurance for the disabled: A type of insurance that provides income protection to an individual who becomes unable to work due to a disabling illness or injury. It is a form of social insurance designed to replace a portion of the insured person's earned income.

Usage Examples

• Noun:
  • Many employers offer disability insurance as part of their benefits package.
  • After his accident, his disability insurance provided crucial financial support while he recovered.
  • It is important to understand the terms of your disability insurance policy, including the waiting period before benefits begin.

Advanced Usage

• "Long-term disability insurance": A policy that provides income replacement for an extended period, often until retirement age, if the disability is permanent.

  • Her long-term disability insurance ensured she could maintain her standard of living after being diagnosed with a chronic condition.

• "Short-term disability insurance": A policy that provides income replacement for a brief period, typically a few weeks to several months, following a disabling event.

  • He used his short-term disability insurance to cover his expenses during the six months he was unable to work after surgery.

Variants and Related Words

• Disability benefit (n): The periodic payment received from a disability insurance policy.
  • She started receiving her disability benefit last month.

Synonyms

• Income protection insurance: A term often used interchangeably with disability insurance, emphasizing its role in replacing lost income.
• Disability coverage: A more general term referring to the protection provided by such insurance.

Related Phrases

• To file a disability insurance claim: The process of formally applying to receive benefits from the insurance provider.

  • He had to file a disability insurance claim with his provider and submit extensive medical documentation.

• Disability insurance premium: The regular payment made to keep the insurance policy active.

  • The disability insurance premium is deducted directly from his paycheck.

Học thuật

Noun

1. social insurance for the disabled