Long Term Disability Insurance

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Long Term Disability Insurance Long term disability (LTD) insurance is purchased to provide monthly benefits (income replacement) if a person becomes ill or injured and is unable to work for a period extending beyond a sustain period of time. You may buy it directly from the insurance provider, or it may be part of your employer-sponsored group disability plan. Each individual insurance policy defines the terms “long-term” and “disability.”Yet, a common misconception about disability income insurance is that its sole purpose is to cover against catastrophic events resulting from accidents. LTD essentially covers -essential living expenses: can help pay for food, clothing, utilities, your mortgage, car payments and more -Direct monthly payments: receive a portion of your salary paid directly to you each month if you’re unable to work (after initial waiting period) -Rehab incentives: coverage may include financial incentives designed to help you transition back to work The reason why Elemployees reed Insurance (LTD) is because: -Every second, a disabling injury changes someone’s life. -Health insurance only covers medical bills. It won’t pay for groceries or rent. -And Workers’ Compensation kicks in only in the event of a work-related accident or injury. LTD insurance can be a valuable financial protection for people of all ages. If you become disabled, LTD can help you pay your bills, afford your health care, and maintain your standard of living. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful

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