Is Disability Insurance The Same As Long Term Care Insurance? 
No these are two totally separate types of insurance plans used to cover totally different needs . Disability insurance can be either long term or short term . Long term disability is used to replace your income for the rest of your working life . It usually has a bit longer elimination period 90-180-360 days before benefits begin to pay . The benefits can pay as long as age 67 when social security benefits start . A short term disability insurance plan pays benefits sooner within days , but only lasts a few months or up to a couple of years . Both disability insurance plans are insuring most peoples most valuable asset , their ability to earn a living . Disability insurance should be purchased when a person starts working for a living . Long term care insurance is meant to cover a person that can no longer care for themselves . The person needs home health care , assisted living or a nursing home . Usually the time to purchase a long term care policy is when a person gets older , typically in their 50s or 60s , but some wait until their 70s . It really depends more upon their health and lifestyle . Just do n't wait until you have been diagnosed with an affliction , then is too late . 