A program managed by the Social Security Administration that insures a worker in case of a mishap. Disability insurance offers income protection to individuals who become disabled for a long period of time, and as a result can no longer work during that time period. Employees who've paid the Federal Insurance Contributions Act (FICA) tax for a certain amount of time, are eligible to receive the Social Security disability income insurance.
Also referred to as disability-income insurance.
The Federal Insurance Contributions Act (FICA) is a United States law that requires employees to contribute a part of their earnings to fund Medicare and Social Security. Employees who have become disabled can receive this income insurance for at least one year. Income insurance payments begin on the sixth month of disability.
Investment dictionary. Academic. 2012.
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Disability insurance — Disability Insurance, often called DI or disability income insurance, is a form of insurance that insures the beneficiary s earned income against the risk that a disability will make working (and therefore earning) impossible. It includes paid… … Wikipedia
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disability insurance — insurance providing income to a policyholder who is disabled and cannot work. * * * … Universalium
disability insurance — noun social insurance for the disabled • Hypernyms: ↑social insurance * * * noun : insurance against loss of income due to partial or total disability compare accident insurance, health insurance * * * insurance providing income to a policyholder … Useful english dictionary
disability insurance — disabil′ity insur ance n. bus insurance providing income to a policyholder who is disabled and cannot work … From formal English to slang
disability insurance — /dɪsəˈbɪləti ɪnʃɔrəns/ (say disuh biluhtee inshawruhns) noun a type of insurance where a policy remains in full force without payment of additional premiums if the holder becomes totally or permanently disabled … Australian English dictionary
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