Which type of insurance is specifically designed to cover long-term disability?

Disability income insurance is specifically designed to provide financial support to individuals who become unable to work due to a long-term disability. This type of insurance pays a portion of the individual's income during the period they are unable to earn a paycheck due to sickness or injury. The primary purpose of disability income insurance is to replace lost wages and help maintain one’s standard of living during challenging times.

In contrast, health insurance primarily covers medical expenses associated with healthcare services and does not provide income replacement. Life insurance offers a payout to beneficiaries upon the policyholder's death, but it does not address income loss due to disability. Auto insurance is focused on covering damage to vehicles or liability arising from accidents and is not related to income protection at all. Therefore, disability income insurance stands out as the correct choice for covering long-term disability-related financial needs.