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List some of the important questions to ask when buying disability insurance. Disability coverage that pays a portion of a person's income for up to three months. It is often sponsored by the employer and provides income protection to an employee while they cannot work for a temporary period. Disability insurance pays the insured person a percentage of their normal income in the event of a major illness or injury that prevents them.
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It is a contract purchased by the policyholder that commits the insurance company, in exchange for premiums paid, to pay a specified amount of.