Policy Summary
If you become too sick to work, or an injury keeps you out of work, and you have a long term disability policy in place, you’ll start receiving the benefits determined by your plan as soon as the waiting period has passed. The money is paid to you directly, and there are no limitations on how it can be spent.
Sometimes referred to as income replacement because it pays you benefits to replace a portion of the income you lose if you’re unable to work due to a prolonged illness or injury. You’ll continue to receive benefits until you’re able to return to work or until you reach the end of your benefit period.