Why Long Term Disability Insurance is Important?

Long term disability insurance is very important for individuals who work in professions that expose them to dangers. Millions of people are injured on the job every year. Most employers have worker's compensation insurance in order to pay for initial injuries, but many workers and employers fail to think of the long term effects of disability caused by injury. The main purpose of long term disability insurance is to provide income reimbursement for individuals whose disabilities cause them to lose their livelihoods.

While the likelihood of long term disability may seem not worth the monthly fee for this type of insurance, the truth is surprising. According to the 2007 Disability Status Report, 21.2 percent of full-time workers in the United States are disabled. A good deal more are not able to work full-time because of their injuries.

What Long Term Disability Insurance Can Offer?

Disability insurance can allow you to continue to provide for your family even after you have become disabled. Most people who experience long term disability are unable to work for an average of 2.5 years. Any length of time in which an individual can not receive an income is tough, but years without any form of income can be tragic for families.

This insurance can entitle individuals to anywhere between 45-60 percent of their lost wages. In some instances, insurance companies will continue to support disabled individuals until the age of retirement.

Many workplaces offer some type of LTD insurance coverage. But individual coverage can also be obtained without relation to an employer.

LTD insurance just may be the coverage that will truly protect you and your family in the long run.

To find out more about LTD insurance and what an insurance company should give back to disabled patrons, visit https://high-income-disability-insurance.com

1: Best Short Term Disability Insurance
2: Long Term Disability Insurance Cost