Which of the following best represents the purpose of disability income insurance?

Disability income insurance is specifically designed to provide financial support to individuals who are unable to work due to an illness or injury. This type of insurance replaces a portion of the income lost during the period when the policyholder cannot perform their job duties. The primary purpose is to ensure that individuals and their families can maintain their standard of living and meet everyday expenses even when they are not earning a regular paycheck due to disability.

While covering medical expenses, paying off debts, or replacing property damage are essential aspects of an overall financial plan, they do not encompass the specific intention of disability income insurance. The focus is on income replacement, which is crucial in reducing the financial burden that may arise from being unable to work. This makes the correct choice distinctly aligned with the fundamental goal of disability income insurance.