Long Term Disability Insurance, or LTD, comes after your Short Term Disability Insurance (STD) stops. Once your STD payments stop, your LTD policy will pay you 50 to 60 percent of your salary, depending on your policy type. Your benefits can last you two to five years or until you reach retirement age, 65.
Most insurance agents will try to work with your employers to aide you in your quick return to your job. If you are “partially disabled” meaning you are still able to work, but at a job that is less difficult and pays less then your previous job, you will receive full disability benefits based on your income before you were injured.
When you become injured and start to receive benefits, you will stop having to pay premiums. If you are disabled for 90 days or longer you may be able to use a "waiver of premium" provision canceling your premium payments.
Call us now to help you make the right choices when it comes to Long Term Disability Insurance. Call 1-800-820-9707 now to speak with a Long Term Disability Insurance Expert.