Frequently Asked Question

What Is Long-term Disability Insurance (LTD)?

Last updated: September 30, 2019

Answer

LTD is a type of disability insurance coverage that pays employees a set percentage of their regular income after a specified waiting period. For example, if a worker is covered under short-term disability (STD) insurance as well, the LTD insurance would kick in once the STD policy is exhausted, typically after three to six months.

LTD insurance protects workers in the event they become disabled for a prolonged period prior to retirement. LTD policies are often offered through employers as part of a standard benefits package.

The length of LTD plans varies; some may be limited to a period between two and 10 years, while other plans continue paying out until age 65.

 

Recently updated FAQs

Does the EAP program have any limitations?

While LifeWorks offers a broad range of services, they may…

Learn the answer

When is the right time to call my EAP?

That’s up to you. Counselors with your EAP are here…

Learn the answer

What Does My EAP Cover?

Typical issues addressed by your Employee Assistance Program (EAP) include…

Learn the answer
brooks-half-circles