What is long-term disability insurance? (1 point) Responses 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. 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 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 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.
Long-term disability insurance 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 not to be confused with short-term disability insurance, which covers the employee's income and medical costs when they are hurt on the job and are unable to work for a short time.
Long-term disability insurance is a type of insurance that is used to protect a person's income in the event that they are unable to work for a long period of time due to illness, injury, or disability. This insurance typically applies to individuals under the age of 65 and provides financial support if they are unable to work for at least a year.
There are two main types of long-term disability insurance: employer-sponsored and individually purchased. Employer-sponsored long-term disability insurance is typically provided as part of an employee's benefits package. It offers income protection to employees who become unable to work due to illness, disability, or non-work-related injury.
Individually purchased long-term disability insurance, on the other hand, is bought directly by an individual from an insurance company. It also provides income protection in case of long-term inability to work.
It is important to note that long-term disability insurance is different from short-term disability insurance, which typically covers a shorter period of time when an employee is temporarily unable to work due to illness or injury. Short-term disability insurance, often sponsored by the employer as part of benefits, provides income protection for a limited duration.
Moreover, long-term disability insurance does not specifically cover on-the-job injuries. For work-related injuries, employees are typically covered by workers' compensation insurance, which provides coverage for medical expenses and income replacement specifically related to job-related injuries.