What type of insurance is designed to protect individuals from costs related to living with a disability?

Disability insurance is specifically designed to provide financial support to individuals who become unable to work due to a disability. This type of insurance helps cover the lost income and associated expenses that can arise when a person is unable to perform their job duties because of a physical or mental condition. It typically replaces a portion of the individual's income, allowing them to maintain their standard of living when they cannot earn wages.

Health insurance, while important for covering medical expenses and treatments related to a disability, does not directly address the loss of income or financial security caused by not being able to work. Life insurance pays benefits upon the death of the insured but does not provide assistance in the event of a disability. Auto insurance is meant to cover damages and liabilities related to vehicles and accidents, which is not relevant to disability-related income loss. Therefore, disability insurance is the most relevant option for protecting against costs related to living with a disability.