It really depends on the type of policy you have. Unfortunately
there is no "definitive" time that a Long Term Disability Insurance
will stop. Typically they kick in after the Short Term Disability expires,
which is usually for the first six months of disability. However, because the
insurance varies from policy to policy it can range anywhere from five, ten, or
even until the age of retirement which is usually age 65. In that sense, the
“average” LTD (Long Term Disability) insurance policy is going to be between
five and ten years after the date of disability. However, you should be aware
that each policy is different and a number of factors influence how long the
policy will be in effect.
Factors of a LTD Policy
A few examples are such that if your employer is paying or
partially responsible for the LTD policy, then as soon as your relationship
with the employer stops and they cease paying for the policy it will expire
regardless of however long the policy was intended to last. Additionally most
insurance companies are going to include the insured’s age, medical history and
the type of jobs they have had and are qualified to perform. But generally, a
policy will last so long as the premiums are paid, which are going to vary
substantially based upon the aforementioned items and any extra features of the
There's Plenty of Insurance Providers Out There
Bear in mind that you can still shop around for better
policies and it may be quite plausible that you could find a LTD insurance
policy that will pay out until the insured reaches retirement age at around 65
years. The choice is how much you or your employer is willing to pay for the
policy and what sort of features you want with that specific policy.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines
. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.