What would you like to do?

How long does long term disability lnsurance last?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

There is no fixed answer to this question, because it depends upon the terms of the contract. That is, disability insurance benefits, assuming they are not government-provided benefits such as Social Security Disability, are paid pursuant to a contract (insurance policy) between an insurer and an insured.
If you are a covered under a group long-term disability policy (for example, provided through your employer), the Human Relations Department will be able to provide you with the specifics of the duration of benefits.
If you have an individual policy (one that you have paid for), you would have selected the duration of benefits at the time that application for the policy was made. Assuming that the policy was issued by the insurance company upon the terms requested, that duration of benefits would apply.

Another factor to consider is that disability benefits will continue under the policy for as long as you are determined to be disabled per the policy definition of "disabled". That is, some policies are written as "own occupation" policies, which means that generally, you will continue to be considered disabled for as long as you are unable to perform the material duties of the job that you held at the onset of your disability. Other policies are written as "any occupation" policies. These generally require that you be unable to perform any sort of occupation in order to collect benefits.

Finally, keep in mind that all policies will have a finite end time for the payment of benefits. This may be expressed in terms of an age (for example, 65), or in the number of years that benefits are paid. Also, most disability policies have an elimination period on the front end. This is generally similar to a deductible (in a property and casualty policy) but is measured in terms of time that has to pass before benefits begin to be payable.
5 people found this useful
Thanks for the feedback!

Is long term disability income taxable?

With Disability insurance, the taxation of benefits is based on how the premiums were paid. If the premiums are tax deducted, then benefits will be taxable as ordinary income.

How long is short term disability?

Short term disability policies offer a variety of benefit periods (how long the benefit lasts): 3, 6,12, and 24 month benefit period options are very common.    Check y

Can you be fired when you are on long term disability?

Last april 25 i have torn and ligament surgery i was in short term dissability that time and i receive a notice from my emplyer that my fmla exhaust july 31st 2011 but up to n

Can you get on long term disability if you have Fibromyalgia?

Fibromyalgia can be or become a very serious issue over time, specially if not properly treated. It is a condition that insurance companies do not want to insure on an individ

Can you receive long term disability for cancer?

The simple answer is Yes. A person can certainly qualify to receive Long Term Disability benefits because of having cancer. However, it is not the fact that he/she has cancer

How long does long term disability last?

It is dependent on the terms of the policy. There can be a defined number of years, or it could be based on the date of Social Security retirement eligibility.

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

Is long term disability tax deductible?

Yes, If you look under your medical deductions. Any reputable company will send you a cost analysis of what you have spent in "premiums" for the year. Take this to your accoun

What is a 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 a

Does Virginia have long term disability?

You have to check into Social Security disability, if you don't have your own disability insurance (individual policy, or through your employer); It is recommended that you ge

What is a long term disability tax deductible?

Individual long-term disability premiums are not tax deductible, but paid with after-tax money; therefore the benefit will not be taxable. The only disability insurance premi