From an insurance viewpoint, what is the main risk associated with disability?

The primary risk associated with disability from an insurance perspective is the loss of income. When an individual becomes disabled and is unable to work, they may no longer receive their regular salary or wages, which can lead to significant financial hardship. This loss of income affects a person's ability to meet ongoing financial obligations such as mortgage payments, bills, and daily living expenses.

Insurance policies designed to address this risk, such as disability income insurance, aim to replace a portion of the lost income when an individual cannot work due to a disability. This coverage is crucial for maintaining financial stability during periods of disability, allowing individuals to focus on their recovery without the added stress of financial insecurity.

While other options may relate to challenges faced during a disability, such as accessing healthcare or incurring higher medical expenses, they do not primarily represent the risk that disability poses to an individual's financial well-being. Higher insurance premiums can complicate financial planning, but they are not a direct consequence of being disabled, unlike the unequivocal impact that loss of income entails.