What Is Disability Insurance? 
Disability insurance is an insurance policy that replaces up to 70 % of your income should you become injured or ill and can no longer preform your normal duties of your current occupation . There are two basic types of disability insurance . The first is called short term disability which pays after a short elimination period to cover immediate living expenses . Most short term policies expire within two years . The second type of disability insurance is long term . These policies cover income for a longer period of time from two years to age 67 years old . 