Insurance coverage provides protection against other uncertainties. Health insurance helps to pay medical bills. Disability insurance provides _____________.
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A. B. C. D.A
The correct answer is A. Continuing income.
Disability insurance provides financial protection in the event of an individual's disability, which may prevent them from working and earning an income. The policyholder receives payments from the insurance company, which are meant to replace a portion of their lost income due to the disability.
Continuing income is the amount of money an individual would receive on a regular basis, such as weekly or monthly, to cover living expenses and other financial obligations. Disability insurance benefits are usually paid out on a monthly basis and can continue for a specified period, such as until the policyholder reaches retirement age or is able to return to work.
Disability insurance is an essential type of insurance for individuals who rely on their income to support themselves and their families. It can provide peace of mind in the face of the unexpected, such as a sudden illness or injury that prevents them from working. Without disability insurance, the individual may have to rely on their savings, government benefits, or support from family and friends, which may not be sufficient to cover their ongoing expenses.