Good Essay About Disability Income Insurance

Disability income insurance also referred to as income protection is an insurance form that insures the beneficiary some income against the risk that the impairment results in a barrier for the person to complete the required functions successfully. This policy is essential as it pays the disabled individuals some partial replacement income that was lost due to the injury and illness. This income protection insurance helps individuals meet expenses and maintain their living standards. Thus, the fees can help in paying bills such as tuition, car payments, mortgages as well as help in covering expenses for clothing, food and other utilities. By replacing an income portion, disability income insurance helps the individual with financial security until they get back on their feet for work again (Kostøl and Mogstad, P. 628).

Types of disabilities

Physical disability
A disability affecting an individual’s normal physical mobility, functioning or stamina. An individual can be born with this type of disability, or they can acquire it later in life. According to Roush and Sharby (2011) it is an impairment that limits an individual’s physical function of the bones, limbs or the motor ability.

Intellectual disability

Intellectual disability affects cognition abilities of a person. Individuals with this kind of a disability have trouble in communication, learning, social functioning, information processing and problem-solving. This disability type may range from mental retardation to deficit in cognition to qualify as mental retardation.

Mental disability

A group of conditions affects how an individual thinks, feels, behaves as well as how they interact with other people. The disability can be a behavioural or psychological pattern occurring in an individual and is perceived by the society as being outside the normal cultural expectations or developments. Examples of these disorders include anxiety disorders, psychotic disorders, depression, substance abuse disorders and personality disorders.

Sensory disability

A disability type that affects one or more senses such as smell, hearing, sight, taste or an individual’s spatial awareness. An example of a sensory disability is hearing impairment that ranges from mild hearing loss to profound deafness. This kind of disability can result from illness, trauma or natural aging (Kiani and Miller, p. 231).

Work citied

Kiani, R., and H. Miller. “Sensory Impairment and Intellectual Disability.” Advances in Psychiatric Treatment 2010: 228–235. Web.
Kostøl, Andreas Ravndal, and Magne Mogstad. “How Financial Incentives Induce Disability Insurance Recipients to Return to Work.” American Economic Review 104 (2014): 624–655. Web.
Roush, S. E., and N. Sharby. “Disability Reconsidered: The Paradox of Physical Therapy.” Physical Therapy 2011: 1715–1727. Web.