Question

Fill in the blanks: long term disability insurance costs about ____% of your income, which is helpful as long term disabilities last on average about ____ years.

Answer 1

Long-term disability insurance costs about 60% of income which is helpful as long-term disabilities last on average about 65 years.

What do you mean by insurance?

Insurance is referred to as a contract where an individual receives financial protection against the losses of an insurance company.

Long-term disability insurance costs approximately 60% of the income and premiums are not guaranteed and can be canceled by the employer.

Therefore, long-term disability insurance costs about 60% of income which is helpful as long-term disabilities last on average about 65 years.

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