When might a consumer consider purchasing disability insurance?

Disability insurance is designed to provide financial support to individuals who are unable to work due to illness or injury. The primary purpose of this type of insurance is to replace a portion of a person’s income, ensuring that they can maintain their standard of living and meet financial obligations during a period of incapacity. Choosing to purchase disability insurance is particularly relevant for individuals whose income is critical for their financial stability, as it can prevent potential financial hardship during times when they cannot earn wages.

In the context of the other options, while having a stable job or comprehensive health coverage may provide comfort and security, they do not specifically address the risk of losing income due to a disabling condition. Additionally, limiting coverage to housing expenses does not encompass the broader need for income replacement, which is a key consideration when evaluating the necessity for disability insurance. Thus, securing income replacement in case of illness or injury is the primary reason for considering disability insurance.