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Therefore , disability insurance pays an income to the insured person who is not able to continue working because of the accident or illness . It can complement the health insurance and replace the lost income . To replace an income lost there are three basic ways namely employers-paid disability insurance , social security disability benefits and individual disability income policies . Employer-paid disability insurance is mandatory in some countries . Many employers provide some short term leave under this provision while still a good number of them provide long term disability coverage that ranges from five years

to age of sixty five and even some extend for life time

Social security disability benefits are paid to workers who have disability that is expected to last at least for twelve months , with severity to a point that no gainful work can be done . The last type of income replacement is individual income insurance policies . It applies to workers with special circumstances from workers compensation like those which results from injury or illness related with job , auto insurance and those in department of Veterans Affairs . The premiums for disabilities are based on age , sex , occupation and the amount of potential the lost income is to be protected . It is usually based on the likelihood of the harm one can get from the nature of occupation one is engaged . If there is high probability of the risk then the premium cost is also relatively high

Some of the disability policies pay benefits only if you are not able to perform the normal duties pertaining to your occupation while still others they pay if one is unable to do any job that is related to individual 's education and experience . It is worth noting that no laws demand employers to provide for long term disability cover . However almost half...