What is long-term disability (LTD) insurance?

Think "Income Protection"
It’s a safety net for your paycheck.

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It is

  • A long-term disability is an injury or illness that keeps you out of work for at least a few months.
  • LTD insurance protects your income and replaces part of your salary if you’re unable to work, so you can cover your regular bills.

It is not

  • A long-term disability is NOT a permanent and total condition or a freak accident.
  • LTD insurance is NOT health insurance, which only covers your medical bills.

What are the common causes of long-term disabilities?

90% of long-term disabilities are caused by illness (not accidents).

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How much does LTD insurance cost?

Roughly 1 to 3% of your annual salary. That’s probably less than your phone bill.

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Think about the cost of LTD insurance as a job benefit you're providing to yourself.

Which job would you rather have?

  • Job A
  • Income while working
    $100,000
  • Income while sick/injured
    $0
    with Income Protection
  • Job B
  • Income while working
    $95,000
  • Income while sick/injured
    $60,000
    Tax free*
*LTD benefits are tax-free when you pay the premiums with after-tax dollars.

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