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Permanent Disability Insurance

Permanent Total Disability policies provide a lump sum benefit as a result of an accidental bodily injury or sickness.

It is often referred to as “career-ending disability” and is designed to replace both personal and what would have been future income.

Long-Term Disability (LTD) policies have a waiting period of several weeks to several months with a maximum benefit period ranging from a few years to the rest of your life.

A lump sum benefit payment will be paid if the insured is permanently totally disabled. This benefit is often thought of as a “career-ending benefit” to recoup the loss of future earnings. Benefits can be up to 10 times annual income.

Visually Impaired Man on Park Bench