What Does Long Term Disability Insurance Cover?
61667 POINTSview profileSteve SavantSyndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale ArizonaLong term disability insurance covers prolonged periods of illness and injury by generating tax free income from the benefits of the policy. Benefits do not begin until the elimination or waiting period has been satisfied. Protecting your income when you can't work is an important part of defensive planning.Answered on August 15, 2013flag this answer
10968 POINTSview profileTim WilhoitOwner, Your Friend 4 Life, Brentwood TNLong term disability insurance is an insurance policy that is designed to cover lost income in case of an illness or injury so severe that a person can no longer perform the duties of their current occupation. You may use the benefits to pay your household expenses during this time of disability. These policies can be written from a couple of years of benefits paid all the way out to age 67 years old.Answered on September 4, 2014flag this answer
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