Long-term disability

Disability insurance is often referred to as "paycheck protection." Long-term disability insurance provides coverage to employees who become totally disabled due to an accident or sickness on or off the job.

Benefits are designed to cover a portion of an employee's predisability salary, whether totally disabled or working on a limited basis. Long-term disability policies often require a 90 or 180 elimination period and will typically pay a monthly benefit to age 65.

Long-term disability is available as an employer-only paid benefit or as a shared-cost benefit. Employee contributions can be conveniently made through payroll deductions. Benefits are guaranteed-issue based on group size and participation.