Long Term Disability Insurance

In this video we shall learn about long term disability insurance. Long term disability insurance becomes relevant after the short-term disability benefits run out. Once you exhaust your short term disability benefits, you can continue to receive a portion of your salary under the benefits of long term disability insurance. Most plans have a cost of living adjustment to keep the benefits in pace with inflation. Long term disability policies are purchased to replace what your potential earnings would be from the time you become disabled until age 65 when Medicare would be available. For instance, if you are 55 and make $40,000 per year, you should purchase a policy for $400,000. You cannot get a long term disability policy if (1) you are or are soon to be pregnant, (2) make less than $18,000 per year, (3) are unemployed, or (4) you are required to carry a weapon for your job. Typically, the waiting period for long-term insurance to kick is at least 60 days and as much as a year. Disability insurance is an important aspect of your overall insurance coverage plan, and if your employer offers it as a benefit you should definitely consider it as a wise investment. long term disability insurance canada long term disability insurance worth it long term disability insurance cost calculator long term disability insurance for federal employees short term disability insurance long term disability insurance calculator long term disability insurance quote long term disability insurance rates http://ift.tt/1tsgO2u