The majority of long-term disability insurance plans can replace up to 70% of your normal income.
According to a report from the Health Association of Nova Scotia, LTD benefits typically cover you until:
- Your employment terminates
- You are laid-off
- You retire
- You reach age 65 (less the 150 consecutive day elimination period)
- You reach age 60 or greater and have 30 years of pensionable service in Nova Scotia Health Employees’ Pension Plan
- You die