STD insurance typically replaces a portion of your income for a limited period. Your employer might offer this coverage, or it can be purchased individually.
LTD insurance kicks in after your STD benefits run out and can, depending on the policy, provide income replacement for several years or even until retirement age.
Ensures you receive benefits if you are unable to perform your specific job or occupation, even if you can work in a different role.
Provides benefits if you are unable to perform any occupation for which you are reasonably qualified by education, training, or experience, offering broader protection.
This covers a portion of your income if you are able to work part-time or in a reduced capacity due to disability, helping to bridge the gap between full and partial income.
Ensures that you receive a percentage of your pre-disability income, helping to cover your living expenses and maintain your standard of living.
Offers optional riders such as cost-of-living adjustments (COLA) and residual disability benefits, enhancing your policy’s flexibility and coverage.
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