Definition: Some employers provide long term disability coverage to employees. Benefits are typically provided at a percentage of salary i.e. 75% of salary or 50% of base salary until the employee turns 65.
In addition, many insurance companies sell long term disability insurance to individuals. So, if your employer doesn't provide disability coverage you can purchase your own policy or you could purchase additional long term disability insurance to supplement your company's coverage.
Disability Information
Also Known As: long term disability, disability insurance
