Benefit which provides for income replacement in the event of illness or injury. Most commonly, benefits commence after the expiration of benefits under the Employment Insurance plan.
Replaces a percentage of an employee's income lost during a period of disability caused by illness or injury. For more details go to http://benefitsu.stanford.edu/life/ltd/l3_ltd.html.
a private disability insurance policy that pays when people are unable to work for a "long" period (usually more than three to six months).