What is long-term disability?

A long-term disability is an illness or accident that impairs you from working and earning an income for a period of 3 months or longer.

Lon-term disability insurance will pay a monthly benefit in case you can't work for three months or longer.

Benefit period is usually 2 years, 5 years, or to retirement age (age 65, 67). The waiting or elimination period is generally 90 days or 180 days, after which benefits start.