HONGKONGDIR

HOMECompaniesDictionaryFAQs

Home » Dictionary » Insurance » social security disability income insurance

Social Security Disability Income Insurance

Definition
Insurance that provides supplemental income to individuals that have become disabled, but at one time worked and paid FICA taxes. SSDI insurance provides benefits to the disabled party and any dependents (underage children, spouses, etc.). Funds used to pay these benefits are acquired through social security taxes paid by individuals. Similar to social security benefits, SSDI insurance maintains a policy that requires that one must have put something in by paying taxes in order to receive benefits.

Nearby Terms
Similar companies
Copyright © 2013 hongkongdir.com All Rights Reserved.
Provides public information about companies in the Hong Kong.