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What is the main difference between term life insurance and. Quizlet has study tools to help you learn anything. List some of the important questions to ask when buying disability insurance. Disability insurance pays the insured person a percentage of their normal income in the event of a major illness or injury that prevents them. It is a contract purchased.

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Quizlet has study tools to help you learn anything. It is often sponsored by the employer and provides income protection to an employee while they cannot work for a temporary period. Disability coverage that pays a portion of a person's income for up to three months. It is a contract purchased by the policyholder that commits the insurance company, in exchange for premiums paid, to pay a specified amount of.