Colorado Life Producer License Practice Test

Disability insurance is a form of coverage designed to provide income replacement if an individual becomes unable to work due to a disability. It protects against loss of income rather than providing a death benefit, which is the primary focus of life insurance policies.

In contrast, whole life insurance, term life insurance, and universal life insurance are all types of life insurance. Whole life insurance offers lifelong coverage with a savings component, term life insurance provides coverage for a specified term, and universal life insurance allows for flexible premiums and death benefits. Therefore, identifying disability insurance as the option that does not fall under the categories of life insurance highlights the distinctions between these various types of insurance products.