Benefits
Long-Term Disability (LTD)
Insurance providing wage replacement for extended medical conditions.
Definition
Long-term disability insurance provides income replacement when an employee cannot work for an extended period due to illness or injury. LTD typically begins after STD ends and can continue for years or until retirement age. Coverage usually replaces 50-70% of income.
Quick Facts
- Term
- Long-Term Disability (LTD)
- Category
- Benefits
Related Terms
Helpful Resources
Explore More Terms
Short-Term Disability (STD)
Insurance providing wage replacement during temporary medical leave.
State Disability Insurance (SDI)
State-mandated programs providing temporary disability benefits.
Workers Compensation
Insurance covering work-related injuries and illnesses.
Holiday Pay
Compensation for company holidays or work on holidays.
Manage Long-Term Disability (LTD) Effortlessly
LeavePlan Pro helps you track and manage all types of employee leave while staying compliant with regulations.