Long-Term Disability (LTD) is a type of insurance that provides financial support to individuals who are unable to work due to a serious illness or injury. This coverage typically kicks in after short-term disability benefits end, offering a portion of the person's salary for an extended period, often until they can return to work or reach retirement age. LTD policies vary in terms of coverage duration and benefit amounts. They may also include specific definitions of what constitutes a disability, which can affect eligibility. Many employers offer LTD insurance as part of their employee benefits package, but individuals can also purchase private policies.