What is long-term disability (LTD) insurance?
Think "Income Protection"
It’s a safety net for your paycheck.
- 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?
How much does LTD insurance cost?
Roughly 1 to 3% of your annual salary. That’s probably less than your phone bill.
Think about the cost of LTD insurance as a job benefit you're providing to yourself.
Which job would you rather have?
- Job A
- Job B
with Income Protection
*LTD benefits are tax-free when you pay the premiums with after-tax dollars.
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