Which type of insurance covers the loss of income due to an inability to work?

Disability income insurance is specifically designed to provide financial support in the event that an individual cannot work due to a disability or medical condition. This type of insurance compensates for lost income, ensuring that individuals can maintain their standard of living while they are unable to perform their jobs. It typically covers a portion of the insured person's salary or wages for a specified period, enabling them to meet their financial obligations during times of incapacity.

Other types of insurance mentioned in the choices serve different purposes. Life insurance provides a payout to beneficiaries upon the death of the insured, which does not directly address loss of income due to an inability to work. Health insurance covers medical expenses related to illnesses or injuries but does not replace lost income. Property insurance protects physical assets but is unrelated to income replacement. Therefore, disability income insurance is the only option that directly addresses the financial implications of becoming unable to work.