The phrase "ability insurance" is correct and usable in written English.
It can be used in contexts related to financial products that provide coverage for loss of ability to work or perform certain tasks due to disability or other factors.
Example: "Many people consider purchasing ability insurance to protect themselves in case they become unable to work due to an accident or illness."
Alternatives: "disability insurance" or "income protection insurance".
In France the national government acted as a guarantor for damages exceeding the payment ability of insurance companies, and set insurance coverage by law (Botzen and van den Bergh 2008).
On the other hand, if you ask people if they want to end the ability of insurance companies to use preexisting conditions to deny care; make health insurance available at affordable prices to everyone; require insurance companies to spend the bulk of their premiums on health care instead of profits and CEO salaries; or give people the alternative of a public option -- you get very strong support.
Low rates have hampered the ability for insurance companies to be creative and offer better rates on certain products, including long-term care insurance.
But co-pays and deductibles reduce the ability of insurance to pool risk, and access rules can create conflicts between insurers and their customers.
Consumer advocates welcomed the new reporting requirements, saying they would enhance the ability of insurance regulators and the public to scrutinize rate increases.
Mrs. Clinton, for instance, speaks passionately about making health care in America more equitable and removing the ability of insurance companies to "determine who lives and who dies, who gets health care and who does not".
Ban exclusions for pre-existing conditions and the ability of insurance companies to rescind coverage after illness.
Obamacare eliminates the ability of insurance companies to charge women higher premiums for coverage, simply because of their gender.
As costs have exceeded the ability of insurance companies, individual homeowners, businesses and communities to pay, some states have created statewide pooled risk funds.
