Long-term disability insurance is meant to pay you a percentage of your wages when you cannot work because you become sick or physically disabled. In these circumstances, this type of insurance often will compensate you for between 50 and 70 percent of your salary.
The amount is determined when you buy your insurance. As your salary rises, therefore, it is wise to increase your insurance coverage. The kind of insurance different companies may offer can vary significantly.
It is important when you are too sick or disabled to work to approach your employer as soon as possible. The employer is then required to submit a written notice to the insurer within a certain number of days of your disclosing your disability problem.
You will need to complete numerous forms describing such things as:
