Home > Term: long term disability (LTD)
long term disability (LTD)
Employees may come down with an illness or injury. They may not be able to work for a long time. An LTD benefit through their employer helps protect them and their families from financial loss. It provides a source of income for a set time. This helps to maintain a percentage of the employees’ pre-disability income. Other income benefits outside the LTD plan may reduce the amount payable under an LTD plan. See “Other income benefits.”
- Part of Speech: noun
- Industry/Domain: Health care
- Category: General
- Company: Aetna
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- Jessehe
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