How Long Term Disability Insurance Work ?

Long-term disability insurance protects an employee if they become disabled for a longer period of time. It starts once the short-term disability of the employee ends (usually after 3 to 6 months). The way long term disability insurance works is pretty simple and the same as the other types of insurance. Whenever you want to activate one, all you have to do is the following:

Fill out an application form:

Once you’ve chosen an insurance provider and the type of insurance you want to get, you need to fill out an application form with information on your age, occupation, medical history and a few questions about your lifestyle and habits.

Take a medical test:

As an additional confirmation of your medical state and health, you will need to take a medical test that will confirm all of this.

Pay your monthly premiums:

Once your long term disability insurance policy is formed and you’ve activated it, you need to pay the premiums for it, usually on a monthly basis.

After this, you’re officially an owner of disability insurance. If you become disabled, the long term disability policy doesn’t activate immediately. Instead, you receive your short term disability insurance benefits for the first couple of months (3 to 6 months), and after that the long term disability insurance kicks in. This means that you will receive monthly compensations for your costs as a percentage from your salary, usually around 60%. Benefits varies between disability insurance carriers.

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