An insurance policy that protects against situations where the insured is unable to work because of serious injury or illness. It replaces most or part of the insured's income should their ability to perform regularly assigned work duties be greatly reduced. Policies vary, but most limit the maximum amount of benefits to between 70 and 80% of normal monthly income. Payments that help with living expenses can potentially continue for 2 to 3 years should the disability last that long.
Related information about long-term disability income insurance:
- Long-Term Disability Income Insurance - Consumer Federation of ...
in California, New York, New Jersey,. Rhode Island, Hawaii, and Puerto Rico. Long-term disability income insurance provides financial protection if you become ...
- Guide to Disability Income Insurance | Publications.USA.gov
This booklet covers: the significant chances of becoming disabled during one's career, how a disability can affect one's finances, potential sources of disability ...
- Disability Insurance from MetLife
MetLife's disability insurance can help you maintain your pre-disability lifestyle.
- Disability Insurance - Northwestern Mutual Life
Since long-term disability income insurance policies are intended to provide benefits for longer-lasting disabilities, most specify at least a 3 month beginning ...
- Long-Term vs. Short-Term Disability Income Insurance
Short-term disability income insurance is designed to pay you benefits sooner and for a shorter period of time than long-term disability income insurance.
- Do You Need a Long Term Disability Income Insurance Policy?
Feb 8, 2010 ... In my earlier working years, I wasn't complete sold on disability income insurance . I had good health insurance coverage, what I considered a ...
- Long-Term Disability Income Insurance: Financial Protection for You ...
Disability income insurance protects your financial security should an injury or illness prevent you from working for a long period of time. This guide outlines the ...
- 6 Group Disability Income Insurance - The American College
Short-term and long-term disability income insurance plans frequently differ in both the classes of employees who are eligible for coverage and the length of the ...