Long Term & Disability

We understand that providing for your loved ones is your top priority. That's why we offer a range of plans to ensure that your family and loved ones are taken care of, even when you're unable to work. Long-term disability (LTD) provides income replacement to individuals who are unable to work for an extended period due to an illness or injury. LTD is designed to protect individuals from the financial impact by providing a portion of their income. When a person becomes disabled and cannot work, long-term disability insurance kicks in after a waiting period known as the elimination period. This waiting period typically ranges from a few weeks to several months for the insurance policy. Once the elimination period has been satisfied, the insurance company begins providing a monthly benefit to the policyholder. The amount of the monthly benefit is usually a percentage of the individual's pre-disability income, which is determined at the time of purchasing the insurance policy. The benefit payments continue until the individual recovers. Long-term disability insurance offers several benefits that can help individuals maintain their financial stability during a period of disability. These benefits include: