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Glossary > D > "Disability income insurance" Definition

Disability income insurance

Insurance which provides an income to policyholders when they are unable to work due to an illness or injury.Disability payments to insured people, which normally commence after a set period (the elimination period), are usually tax free provided the premium payments are up to date.

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Disability income insurance - Insurance which provides an income to policyholders when they are unable to work due to an illness or injury.Disability payments to insured people, which normally commence after a set period (the elimination period), are usually tax free provided the premium payments are up to date.

Disability income insurance : insurance which provides an income to policyholders when they are unable to work due to an illness or injury.disability payments to insured people, which normally commence after a set period (the elimination period), are usually tax free provided the premium payments are up to date.