Definitions for "Long Term Disability"
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
a private disability insurance policy that pays when people are unable to work for a "long" period (usually more than three to six months).
A generally accepted period of time for more than two years—can vary according to company standards.