The purpose of long term disability insurance is to protect future earnings.

The benefits in the disability insurance will replace your income, in case of long term incapacity to work. While most people have prepared for the medical cost of severe injury or illness (through health insurance), they are often not prepared for the loss of salary that follows such a misfortune. In general, if you rely on your employment in order to pay the rent and buy food you should seriously consider disability coverage.

A disability pension replaces the regular income you can lose in case of sick leave due to accident or sickness. The benefit should cover 70% of gross annual salary

The insurance also includes:

Life insurance – a benefit will be paid out to the beneficiary in case of the insured person´s death

Accidental dismemberment – a benefit will be paid out in case of accident

Premium Waiver – if you become disabled, the insurance company takes over the premium payments.

Anyone who work and live outside their home country can get this insurance. It replaces you from 25% sick rate as long as the illness consists, but not later than age 65.