Disability Insurance & Income Protection Guides
Protect your ability to earn an income. Compare short-term and long-term disability concepts, waiting periods, and policy structures.
What is Disability Insurance?
Disability insurance serves as income protection. If a medical condition, severe injury, or chronic illness leaves you unable to work, the policy pays a regular monthly benefit to replace a portion of your lost earnings (usually 60%).
Core Definition Parameters
- Own-Occupation: Pays benefits if you cannot perform the duties of your specific job, even if you could work in another industry.
- Any-Occupation: Only pays benefits if you cannot perform the duties of any job suited to your education and experience.
- Elimination Period: The waiting period between the start of your disability and when benefit payments actually begin (e.g. 30, 90, or 180 days).