Long Term Disability Insurance

Long term disability insurance is a valuable form of coverage for individuals. It can replace lost wages if you cannot work due to injury or an unexpected illness and help maintain your current lifestyle despite a qualifying disability. Whether you’re looking for individual long term disability insurance in Pennsylvania or comparing life insurance vs. disability insurance, you’re in the right place. At Peterson Insurance, we can help you find the right type of coverage.

What is Long Term Disability Insurance Coverage?

If your employer doesn’t provide long term disability insurance, you can purchase coverage directly from an insurance broker. What is long term disability insurance for individuals? This coverage offers peace of mind because it helps ensure your income won’t be affected should you become disabled and unable to earn wages. With long term disability insurance coverage, you have the support and protection you need to maintain financial stability even during a long-term disability.

How Long Do Most Long Term Disability Benefits Last?

The benefits of long term disability insurance can last anywhere from a few years to the length of one’s lifetime, depending on the policy and coverage amount purchased. There are coverage options for two years, five years, 10 years, to age 65, or for life. The duration of any single policy is determined by several factors, including the type of disability being covered and the terms agreed upon at the time of purchase. Additionally, some policies may have expiration dates or renewal requirements that could reduce benefit amounts or limit options for payment under certain conditions.

Is It Worth Getting Long Term Disability Insurance?

For most people, obtaining long term disability insurance coverage is worth it. It can offer much-needed financial security if you ever become too sick or injured to work for an extended period of time. As life can be unpredictable, protecting yourself with a long term disability insurance plan is crucial in cases of illnesses or accidents. 

Which is Better: Short Term or Long Term Disability Insurance?

Short term and long term disability insurance are both valuable investments because they can help cover potential lost wages if you encounter an injury or illness that affects your ability to work. Short term disability coverage provides payment for a few months, while long term disability coverage offers more comprehensive coverage if you cannot work for an extended period. Most people find long term disability insurance coverage to provide greater peace of mind, especially if an injury or disability persists throughout one’s lifetime. 

Call Peterson Insurance for Your FREE Long Term Disability Insurance Quote Today!

At Peterson Insurance, we can help you find affordable long term disability insurance coverage in Pennsylvania that meets your financial needs and goals. Click or call to get your free long term disability insurance quote or to speak directly with one of our local insurance agents to get started today!