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Some Basics of Long-Term Disability Income Insurance Explained

Experienced employee benefits specialists rate LTDII plan as one of the vital components of CEBP (Comprehensive Employee Benefits Package). They also consider LTDII (Long-Term Disability Income Insurance) for employees as important as Life insurance plan.

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Some Basics of Long-Term Disability Income Insurance Explained

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  1. Some Basics of Long-Term Disability Income Insurance Explained

  2. Introduction Life is unpredictable at every step. Nobody knows what is going to happen to them after five seconds. Anything is possible! This anything could be good or even unpleasant. These unpleasant events can affect you as well your family life in many ways. The chances of mishaps increase at the workplace during the work because of many reasons beyond your control. This is exactly where long Term Disability Income Insurance(LTDII) acts as the solution employees need to bring life back on right track. You should seek this solution from your employer.

  3. But What Exactly is LTDII? According to the experienced employee benefits specialists, Long Term Disability Income Insurance is an insurance plan. It acts as the financial protection employees need to prevent the loss of income due to some unpleasant events like illness or personal injury accidents that put them on the bed for a long period of time or reduce their earning capacity.

  4. What does LTDII cover? Long-Term Disability Income Insurance assists employees when the benefits of STDII (Short-Term Disability Income Insurance) plans end. An injured employee starts getting some percentage of his/her income. This amount could go up to 50% to 70% of your total monthly salary. Some LTDII plans cover you for a specific period of time. This period of time could be up to 10 years. But some LTDII policies benefit employees until they get 65 years old. This is one of the leading reasons why you should buy an LTDII plan.

  5. Conclusion That’s not enough about Long Term Disability Income Insurance plan! It is because only some experienced employee benefits specialists can guide you in this regard correctly and in-depth. In case you are thinking about seeking LTDII insurance plan, we have the wealth of resources and experience to help you make the right decision.

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