Income for the Long Haul
Long Term Disability (LTD) insurance provides income replacement if you experience a covered illness, injury or pregnancy. The coverage can help with the every day bills, such as the mortgage or rent, that continue even when you can’t work — expenses that health insurance won’t cover.
Just when you thought, “it can’t happen to me,” consider this:
- Three in 10 workers entering the workforce today will become disabled before retiring1
- Over 6.8 million workers are receiving Social Security disability benefits; almost half are under age 501
- More than 50 percent of the workforce has no private pension coverage. A third has no retirement savings1
We certainly hope nobody becomes a statistic. Protect your income and your family by talking to your employee benefits manager about Long Term Disability insurance from The Standard.
1 Social Security Administration, Fact Sheet 2007