Long Term Disability Insurance

Protect Your Income and Secure Your Future

Your ability to earn an income is one of your most valuable assets. But what would happen if an illness or injury prevented you from working for an extended period? Long Term Disability Insurance is designed to provide financial protection by replacing a portion of your income if you’re unable to work due to a disability.

What Is Long Term Disability Insurance?

Long Term Disability Insurance (LTD) provides income replacement in the event you are unable to work due to a qualifying illness or injury. Unlike short-term disability insurance, which typically covers a few months, long-term disability policies are meant to provide coverage for an extended period—often several years or even until retirement, depending on the policy.

Why Do You Need Long Term Disability Insurance?

Disabilities are more common than many people realize, and they can happen at any age. Whether it’s a sudden accident, a chronic illness, or a serious medical condition, the financial consequences of not being able to work can be devastating. LTD insurance steps in when you need it most, ensuring you have a steady income to cover essential expenses such as:

1. Mortgage or rent payments
2. Daily living expenses (groceries, utilities, etc.)
3. Medical bills and ongoing care
4. Childcare and other family-related costs

By having a Long Term Disability policy in place, you can focus on recovery without the added worry of financial instability.

How Does Long Term Disability Insurance Work?

When you purchase a Long Term Disability policy, you choose the benefit amount and the waiting period (also known as the elimination period), which is the length of time before your benefits begin after you become disabled. Once the waiting period is over and you’re unable to return to work, you’ll receive monthly payments based on a percentage of your income. The payments will continue for the duration of your disability or until the end of the benefit period, whichever comes first.

Who Should Consider Long Term Disability Insurance?

Anyone who relies on their income to maintain their lifestyle should consider Long Term Disability Insurance. It’s especially important for:

• Professionals in high-demand or physically demanding jobs: If your job requires physical labor or specialized skills, a long-term disability could significantly impact your ability to work.
• Self-employed individuals: Without an employer-provided safety net, self-employed workers need private LTD insurance to protect their income.
• Individuals without sufficient savings: LTD insurance can be critical for those who don’t have enough savings to cover an extended period of lost income.

No one plans for a disability, but it’s essential to be prepared for the unexpected. With Long Term Disability Insurance, you can rest assured that your income and financial security are protected even if life takes an unforeseen turn. Don’t wait until it’s too late—reach out to us today to learn more about how Long Term Disability Insurance can safeguard your future and get a personalized quote.