__________ pays part of the cost of a long-term sickness or an accident.
A) Disability insurance
B) Term insurance
C) Liability insurance
D) Collateral insurance

Question

Quizplus · Accepted Answer

Disability insurance is designed to provide coverage for individuals who are unable to work due to a long-term sickness or accident. It pays a portion of the individual's income while they are unable to work, helping them to continue to meet their financial obligations. Term insurance provides coverage for a specified period of time, liability insurance covers damages that an individual may cause to others, and collateral insurance protects a lender's interest in an asset. None of these options directly address the need for financial support during a long-term illness or disability.

__________ Pays Part of the Cost of a Long-Term Sickness