Long-term disability insurance costs about 60% of income which is helpful as long-term disabilities last on average about 65 years.
What do you mean by insurance?
Insurance is referred to as a contract where an individual receives financial protection against the losses of an insurance company.
Long-term disability insurance costs approximately 60% of the income and premiums are not guaranteed and can be canceled by the employer.
Therefore, long-term disability insurance costs about 60% of income which is helpful as long-term disabilities last on average about 65 years.
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