Long term disability insurance
Long term disability insurance protects a portion of your income. It can pay you a monthly benefit if you can’t work - for an extended period of time - due to a covered injury or illness. Common examples include cancer, injuries, cardiovascular and joint disorders, and behavioral health issues. The policy covers illness or injury that occurs on or off the job.
- Replaces up to 60% of your monthly earnings to a maximum of $5,000 per month
- 90 day waiting period (which can be covered if you elect Voluntary Short Term Disability)
- If your disability occurs before age 60, benefits will be payable until age 65. If your disability occurs at or after age 60, benefits would be paid according to a benefit duration schedule.
