Which type of insurance replaces income if you have a long- term illness or injury and cannot work?

The type of insurance that replaces income if you have a long-term illness or injury and cannot work is called long-term disability insurance. This policy provides financial support after a waiting period, typically covering a percentage of your income for an extended duration, often until retirement age or recovery. It helps ensure that you can maintain your living expenses while unable to work due to health issues.