Long-term disability income insurance

{
  "id": "MLC-T-INS-002056",
  "term": "Long-term disability income insurance",
  "field": "Insurance and risk management",
  "definition": "An insurance policy that provides a regular income stream to an insured individual who becomes unable to work due to a qualifying illness or injury for an extended period. Benefits typically begin after a waiting period and can continue for several years or until retirement age. The policy replaces a percentage of the insured's pre-disability income.",
  "url": "https://mlchart.com/terminology/insurance/long-term-disability-income-insurance/"
}