What is long-term disability insurance?

Question

(1 point)
Responses

It is either employer sponsored or individually purchased and provides income protection if an employee becomes unable to work for a long period of time due to illness, disability or non-work-related injury.
It is either employer sponsored or individually purchased and provides income protection if an employee becomes unable to work for a long period of time due to illness, disability or non-work-related injury.

It is often sponsored by the employer as part of benefits and provides income protection to an employee while they cannot work for a short time.
It is often sponsored by the employer as part of benefits and provides income protection to an employee while they cannot work for a short time.

It is used to protect income in case of illness or injury for people younger than 65 who are unable to work for at least a year.
It is used to protect income in case of illness or injury for people younger than 65 who are unable to work for at least a year.

It covers the employee’s income and medical costs when they are hurt on the job and are unable to work.

Answer 1

It is either employer sponsored or individually purchased and provides income protection if an employee becomes unable to work for a long period of time due to illness, disability, or non-work-related injury. It typically covers a percentage of the employee's salary for an extended period of time, often up to retirement age, if they are unable to work due to a covered disability.