Secure Your Financial Future with Long Term Disability Insurance
Are you prepared for the unforeseen?
A disability can bring danting financial consequences, jeopardizing your income and your family’s financial security . While savings might offer temporary relief, the reality is that extended periods without work can be financially crippling.
That's where Long Term Disability Insurance steps in.
Designed to provide a safety net, Long Term Disability policies offer sustained income for periods of two to five years, or until retirement. Typically obtained through employers, you can also secure individual coverage. This insurance bridges the gap once short-term disability benefits expire, assuring you a percentage of your salary, often ranging from 50 to 70%. Depending on your policy, benefits can last for two to five years or until you’re 65.
Opt for personal premium payment, and your benefits are tax-free. If employer-sponsored, benefits may be taxable.
Disability insurers collaborate with employers for a safe return to work.
While prioritizing your health and recovery, insurers also recognize the financial advantage of quick return. Your security is their goal.