Long-term disability insurance is fairly expensive, and people tend to think that they will be protected by workers' compensation or other sources. Look for a policy that provides coverage for this level. When you shop for a disability policy, be ready to prove your income level. If you purchase the policy and pay the premiums yourself, the income received will not be taxable. A. Worker's compensation covers injuries that happen on the job.
Benefits vary widely from state to state, since benefit amounts depend on state provisions.
Most states pay benefits for the employee's lifetime in cases of permanent total disability. To get details on worker's comp benefits, contact your state Department of Labor. In addition to the requirement that an injury be work-related, the payments you would receive under worker's comp may be inadequate. The definition of disability in a policy is extremely important. It tells you under what circumstances you will qualify to receive benefits.