Direct answer
No, disability insurance is designed to replace a portion of your income, though those funds can be used at your discretion to pay for medical expenses or other living costs while you are unable to work.
General insurance industry product definitions regarding income replacement versus indemnity health coverage. For additional information about how different types of insurance products function, see the National Association of Insurance Commissioners‘ consumer guides.
What this means for you
No, disability insurance is designed to replace a portion of your income, though those funds can be used at your discretion to pay for medical expenses or other living costs while you are unable to work.
FARMER STOCKMAN
Protecting Your Future with Confidence
No pressure. No jargon. Just honest answers from advisors who genuinely care about your family’s protection.
This page is informational and not a coverage guarantee or quote.
