The phrase refers to a specific type of insurance benefit offered by a major online retailer and technology company to its employees. This benefit is designed to provide income replacement should an employee become unable to work for an extended period due to a qualifying illness or injury. As an example, an employee who suffers a debilitating accident rendering them incapable of performing their job functions for several months, or even years, could potentially receive payments through this program.
This type of coverage serves as a crucial safety net for employees, offering financial security during times of unexpected hardship. It protects individuals and their families from significant income loss when a prolonged disability prevents them from earning a living. Historically, these programs evolved from a growing recognition of the need to support workers facing unforeseen health challenges, providing a vital supplement to other employer-sponsored benefits and government-provided social safety nets.
