Group Long Term Disability (LTD)
Long-term disability insurance (LTD) is an insurance policy that protects an employee from loss of income in the event that he or she is unable to work due to illness, injury, or accident for a long period of time. This can devastate a family financially without the safety net provided by a long-term disability insurance policy. Long-term disability insurance does not provide insurance for work-related accidents or injuries that are covered by workers' compensation insurance. But, it does cover an employee in the event of a personal accident such as a car accident or a fall. Long-term disability insurance (LTD) begins to assist the employee when short-term disability insurance (STD) benefits end. Once the employee's short-term disability insurance benefits expire (generally after three to six months).