Long-Term Disability Insurance is a policy that provides payments to you for part or all of your salary, should you become unable to work due to illness or disability. What is Long-Term Disability? This article will answer this question, and more! You can hire long-term disability lawyers in Arizona from Ronstadt Law.
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What is a Long-Term Disability?
A long-term disability is a physical or mental impairment that prevents an individual from performing the duties of their occupation for an extended period. Long-term disabilities can be either temporary or permanent.
Who Needs a Disability Insurance Policy?
Many people may need a long-term disability insurance policy. Here are some examples:
1. People with chronic illnesses or conditions that could lead to long-term disability.
2. People who work in high-risk occupations.
3. Parents of young children.
4. Anyone who depends on their income to maintain their standard of living.
What are the Different Types of Policies?
There are main types of long-term disability policies:
1. Individual Policies: These are purchased by the disabled person and are not connected to an employer.
2. Group Policies: These are offered by employers as part of a benefits package and cover all employees.
3. Government Plans: Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) are two federal programs that assist disabled individuals.
4. Workers' Compensation: This type of policy is required in most states and provides benefits to workers who are injured on the job.
