Becoming
disabled can have a devastating financial impact on your
ability to make a living. Many can afford to get by without
working for a few months, but few can survive if they stop
working all together for an extended period of time. This is
where Long Term Disability insurance can help you.
What is
LTD?
LTD picks up where STD (Short Term Disability) leaves off.
Once your STD benefits expire, which is generally three to
six months, the LTD policy pays a percentage of your salary,
usually 50, 60, or 66 2/3 percent. LTD policies provide you
with income for a long period of time, such as two years,
five years, or until you retire. This is the most common
type of disability insurance. In today's job market good
workers have come to expect a long term disability plan.
Fortunately, LTD is very affordable when purchased on a
group basis.
How would
your employees get
by if they became disabled? Long
Term Disability insurance protects
employees’ income in the event
of a disability.
