Final answer:
Benefits under a disability income policy are provided until the insured reaches the age of retirement.
Step-by-step explanation:
Benefits under a disability income policy are provided until the insured reaches the age specified by the policy. While specific policies can vary, in the context of the Social Security system, disability payout is a benefit distributed to workers who become unable to work due to a disability and are under the full retirement age which has been legislatively raised over time.
For example, for workers born after 1959, the full retirement age for Social Security benefits is 67. Therefore, Social Security disability benefits typically continue until an individual reaches retirement age, at which point they would transition to retirement benefits.
The Social Security system provides various tools to help workers who face economic hardship due to old age, disability, or survivors who lose a working family member. The disability benefits play a crucial role in supporting individuals who cannot work due to extended health issues and are pivotal for those who rely on them for a substantial part of their income.