Long-Term Disability

Long-term disability is an income replacement benefit employers may offer that provides a percentage of pre-disability earnings when employees are out of work due to a disabling condition for an extended period. This income replacement benefit typically exceeds 3-12 months.

Top Causes of Long-Term Disability

1. Heart disease
2. Cancer
3. Injuries such as fractures, sprains, and strains of muscles and ligaments
4. Mental health issues, including depression and anxiety

5. Stroke

Did You Know?

• Just under one in four of today’s 20-year-olds can expect to be out of work for at least a year due to a disabling condition before retirement age.
• 44.3% of consumer bankruptcy filings cited medically related work loss as a contributor.

Some Things to Consider...

Long-term disability claims most often stem from shocking diagnoses; cancer, heart disease, and strokes can send you and your family reeling, trying to navigate the health care system and figuring out how to pay the bills. Long-term disability can help take some of the financial burden off you and your family.

Opting in for long-term disability coverage through your employer means that the coverage payments will come from pre-tax dollars. However, if you do make a long-term disability claim, the benefits will be tax-free! Ask your employer today for more information about long-term disability offerings.

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