Serious illnesses or accidents can come out of nowhere. They can interrupt your life, and you ability to work for months – event years. Long term disability can pay up to 60% of your income, so you have financial support to manage your disability and your household.
Financial Protection When You’re Unable to Work
Rita was cleaning out her gutter when she fell off the ladder and hurt her back. A trip to the ER confirmed she had four herniated discs and would need intensive physical therapy before she could return to work. Rita’s long term disability insurance paid a percentage of her lost income, while she worked to regain her strength.
How Rita’s Plan Paid Off:
Rita’s long term disability coverage paid 60% of her gross monthly income, until she was able to return to work.
- Annual salary: $69,600
- Gross weekly earnings: $5,800
- Weekly benefit: $3,480
She Used the Money to Pay For:
- Mortgage payments
- Child care costs
- Utilities
- Credit card bills
Top 5 Reasons for
Long Term Disability:
- 16% Cancer
- 14% Back Disorders
- 11% Injuries
- 9% Cardiovascular
- 9% Joint Disorders
