Long-Term Disability Insurance
What is long-term disability insurance?
Long-term disability insurance replaces a portion of your income if you are disabled and cannot work for an extended period. Coverage typically begins after a 90-day elimination period and can last until age 65 or 67. Long-term disability insurance is the most important disability coverage.
Key Points
- Long-term disability: replaces income for extended disabilities
- Elimination period: typically 90 days
- Benefit period: typically to age 65 or 67
- Income replacement: typically 60-70% of gross income
- An independent agent can help you find long-term disability insurance