What is long-term disability insurance? Select one answer.
- 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 covers the employee’s income and medical costs when they are hurt on the job and are unable to work.
- 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 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.