Long-term disability insurance covers injuries, whether they are sustained inside or outside of work. Some common examples of the types of conditions that are covered:

A) Sprains and strains

B) Heart attack

C) Stroke

D) Coronary artery disease

E) Back pain

F) Scoliosis

G) Pneumonia

H) Pregnancy complications

I) Rheumatism

Your policy’s benefit amount determines how much you will receive in long-term disability benefits if you become disabled.

In most cases, your benefit amount will be a percentage of your income. However, the size of your disability insurance benefit amount will depend on the policy. Generally, long-term disability policies can replace anywhere from 60 percent to 80 percent of your income.

In addition, many policies replace the income lost if you have to take a lower-paying job due to an injury or illness.

It’s essential that you take the time to understand how long-term disability works before deciding whether this coverage is right for you. With our comprehensive guidance, we hope that more people will be able to make informed decisions about their finances as well as live comfortably in case they ever need these benefits. Contact us to know more.