What is long term disability insurance?

Long Term Disability Insurance (LTDI) is a type of insurance that protects your ability to earn income. LTDI benefit periods can be 2 years, 5, 10 years, or to age 65, 67 or age 70.

When you get sick or hurt and can't work, a monthly benefit is paid to cover for some of the lost income. When taking a disability insurance policy it is advised to try to protect as much of your income as possible, and with the right riders you can protect up to 100% of income (if you include the "catastrophic disability rider" on top of the base benefit.