Long-Term Disability Insurance: An Overview

Long-term disability insurance is a type of coverage that provides a financial safeguard for employees who suffer from long-term disabilities or illnesses. It does not cover injuries or illnesses that workers suffered while on the job and for which employees could file a worker's compensation claim.

LTD insurance covers a broad spectrum of illnesses and injuries.

Some of the more common injuries and illnesses for which LTD insurance provides coverage include cancer, broken limbs, back injuries, strokes or heart attacks, and even injuries sustained during childbirth. The injuries and illnesses do not have to have occurred at work.

LTD insurance can provide several years of financial sustenance.

Many insurance companies will provide coverage for up to five years. Others provide benefits until people turn 65 and can claim Social Security.

Filing a claim against an LDT insurer can be complex and time consuming.

Due to the amount of money expected to be paid out to a claimant, many insurers spend a significant amount of time researching claims before paying out benefits. It can take a year or longer to file a successful claim against an insurer.

You should hire a lawyer to help you file your claim.

When you want your claim to be filed and considered as quickly as possible, you should hire an attorney to help you. An attorney who practices in this aspect of law can help you get your claim paid out quickly.