What is Long Term Disability Insurance ?

The long-term disability insurance policy is a type of insurance people get to protect them in case if they become disabled and unable to work for a long period of time. It’s rarely offered by an employer as a benefit, so most people decide to buy a private long term disability insurance, but even if it is, many decide to get additional coverage for themselves.

The long term disability insurance policies are paid through monthly premiums that depend on the coverage, the occupation of the policyholder, their personal characteristics, as well as the coverage period. These premiums are paid on a monthly basis and depend on your personal characteristics, like your age, your job, your daily habits, your family’s medical history and even where you live at the moment. These factors don’t only change the amount of your premium, but also the coverage sum you will receive during the potential disability. 

-        If you’re wondering why people decide to get long term disability insurance, there are multiple reasons, and solid ones:

-        It gives the holder a solid source of income while they’re unable to work and earn for a living

-        Protects the worker’s well being

-        Helps cover the medical expenses related to an injury and the utility bills

-        It’s the only type of disability insurance you would need for a long-term disability

Finally, the long-term disability insurance benefits last as long as the person is disabled up to the maximum benefit period selected.

Visit here for more detail about Long Term Disability Insurance Quote