Long-term disability insurance is second only to health insurance in importance to your employees. In the event of an extended period of inability to work due to an accident or sickness, long-term disability provides a monthly benefit to help with bills and other expenses. Long-term disability picks up where short-term leaves off, usually after about six months of disability.

Serious illnesses and accidents can leave a wave of debt.  With proper planning, this can easily be avoided.  Long Term Disability is protecting the paycheck of you the owner and your employees for an extended time.  Usually, the cost of a quality group plan is less than it is to insure the owner alone.

Benefits can be payable until normal retirement age or to age 65 if a permanent disability takes place.  The money is paid to the employee, not creditors or the hospital.  The idea is to ''indemnify'' the insured.