by 
The Curious Bag
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You never plan on becoming ill or seriously injured and being unable to work, but if you do long-term disability insurance can be a big help. If you depend on your wages to pay your bills, you may want to consider long-term disability insurance.
Significance
You probably understand the need for life insurance, but long-term disability insurance may actually be more important. In every age group, you are more likely to suffer a long term disability than death.
Function
Long-term disability insurance will replace 50 to 70 percent of your wages if you become disabled and unable to work.
Time Frame
Long-term disability insurance will last for at least one year. Depending on the type of policy it may pay out for five or 10 years, or until you turn 65 years old.
Types
Some types of policies are "guaranteed renewable," which means they can't be canceled unless you miss premium payments. Others are "non-cancelable," meaning the premium rates can never be raised.
Features
You may also want to look for policies with residual benefits to provide the difference between old and new wages if you have to get a new job that pays less. Cost of living benefits increase the value of the policy to account for inflation.
Source:
Understanding Disability and Long Term Care Insurance Policies
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