What is one of the main purposes of disability income insurance?

Disability income insurance serves the essential function of providing income replacement during periods when an individual is unable to work due to illness or injury. This type of insurance is crucial because it ensures that individuals can maintain their standard of living and meet their financial obligations when they cannot earn an income from their job.

Unlike health insurance, which primarily covers medical expenses, or other forms of insurance that focus on specific healthcare needs like dental or vision care, disability income insurance is specifically designed to address the financial impact of losing the ability to work. By providing regular payments, it helps to alleviate the stress of lost wages and supports individuals and their families during challenging times when unexpected health issues arise.

This distinction is important for understanding the role of various types of insurance products, as each serves a different purpose within a comprehensive financial and health care strategy.