LTD insurance, or Long-Term Disability insurance, is a type of coverage that provides financial support to individuals who are unable to work due to a disabling condition. This insurance typically pays a percentage of the insured person's salary, helping to cover living expenses during the period of disability. Policies can vary in terms of coverage duration and benefit amounts, often ranging from a few months to several years. Many employers offer LTD insurance as part of their employee benefits package, but individuals can also purchase private policies to ensure they have adequate protection in case of unexpected health issues.