What type of insurance provides periodic payments to disabled individuals who cannot work?

Disability Income Insurance is specifically designed to offer financial support to individuals who become disabled and are unable to work. This type of insurance replaces a portion of the insured person's income, ensuring that they can still meet their financial obligations despite their inability to earn a paycheck due to their disability.

The structure of Disability Income Insurance typically provides periodic payments, which can be a crucial source of income for those affected by temporary or permanent disabling conditions. This coverage is essential as it helps to mitigate the financial strain that may come from loss of employment due to health issues.

In contrast, other types of insurance listed in the options serve different purposes. Health Insurance primarily covers medical expenses, while Term Life Insurance provides a death benefit to beneficiaries only if the insured passes away during the specified term. Universal Life Insurance creates a death benefit with a cash value component but does not provide income replacement during times of disability. Each of these alternatives has its own unique functions that do not align with the need for periodic income payments in the event of a disability.