Here are Insurance Policies Many People Ignored Until It’s Too Late

9. Disability Insurance

Also one of the types of insurance policies is the Disability Insurance. Its coverage is not about a dismemberment of a physical body part but a form of protection on the earned income of the policyholder against the risk that may be caused by a disability.

This type of insurance is more of an income protection. For example, an employee is unable to attend work due to a disability. He or she may still receive a pay but from the insurer. Its coverage is like a paid sick leave or a short-term disability benefit.