You may not realize the potential danger of becoming disabled. The U.S. Census Bureau estimates that you have a one in five chance of becoming disabled. Also, the average long-term disability (LTD) absence from work lasts 2.5 years, according to the Council for Disability Awareness. That’s a long time to survive without a steady income.
LTD picks up where short-term disability (STD) leaves off. Once your STD benefits expire (generally after three to six months), the LTD policy pays you a percentage of your salary (usually 50, 60, or 66 2/3 percent). Depending on your policy, you will then receive benefits for two years, five years or until you turn 65.
Contact Insurance Trust today for more information at 207-773-0925 or complete the form below.