What is long-term disability insurance?

(1 point)
Responses

It is often sponsored by the employer as part of benefits and provides income protection to an employee while they cannot work for a short time.
It is often sponsored by the employer as part of benefits and provides income protection to an employee while they cannot work for a short time.

It covers the employee’s income and medical costs when they are hurt on the job and are unable to work.
It covers the employee’s income and medical costs when they are hurt on the job and are unable to work.

It is either employer sponsored or individually purchased and provides income protection if an employee becomes unable to work for a long period of time due to illness, disability or non-work-related injury.
It is either employer sponsored or individually purchased and provides income protection if an employee becomes unable to work for a long period of time due to illness, disability or non-work-related injury.

It is used to protect income in case of illness or injury for people younger than 65 who are unable to work for at least a year.
It is used to protect income in case of illness or injury for people younger than 65 who are unable to work for at least a year.
Skip to navigation

Long-term disability insurance is either employer-sponsored or individually purchased and provides income protection if an employee becomes unable to work for an extended period of time due to illness, disability, or a non-work-related injury. This type of insurance typically kicks in after short-term disability insurance benefits end, if the employee has that coverage, and can last until the employee is able to return to work or for the number of years stated in the policy. It is not specifically limited to people under 65 nor does it typically cover medical costs related to on-the-job injuries, which are generally covered by workers' compensation insurance.