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Disability Income Insurance: The Private Market and the Impact of Genetic Testing

Published online by Cambridge University Press:  01 January 2021

David J. Christianson
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Extract

This article discusses the disability insurance industry in order to provide context regarding the potential impact of genetic testing on disability insurance. It describes disability income insurance, exploring both the protection it offers and its main contract provisions. It goes on to describe the private insurance market and the differences between group and individual insurance, and concludes with implications of genetic testing with respect to the private disability insurance market. The individual disability income insurance market is theoretically of great interest as a matter of public policy since there is potential for unfair discrimination through genetic testing although this remains very unlikely as a matter of practice, however.

It is more likely that a person will become disabled than die before age 65. The loss of income during a disability can be quite devastating. In contrast to the high risk and high impact of disability are the realities of the disability market.

Type
Special Supplement
Information
Journal of Law, Medicine & Ethics , Volume 35 , Issue S2 , Summer 2007 , pp. 40 - 46
Copyright
Copyright © American Society of Law, Medicine and Ethics 2007

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