What Does Disability Insurance Mean? 
Disability insurance could just as easily be called income replacement insurance . Disability insurance is a policy that will replace up to 70 % of your current income due to an illness or injury so severe you can no longer perform the duties of your occupation . There are two basic types of plans . Short term disability is designed to start paying in days or weeks after becoming disabled for usually up to one year . Long term disability has a longer elimination period such as 30-60-90-180-360 days but pays for years and can pay up to age 67 years old . 