Which type of insurance pays an insured person an income when that person is unable to work because of accident or illness?

Answer: Disability Income Insurance

Explanation:

When you become injured or ill, that prevents you from working. Eventually, your income will drop and your costs will rise, leading you into debt. To prevent this and to protect your income, there is the Disability Income Insurance. There are private and public forms of insurance. In the public sector we have: Workers' compensation programs; Social Security disability. And, in the private sector: Sick leave plans; Short-term disability income insurance plans; Long-term disability income insurance plans.

individual disability polocy