Long term disability (LTD) benefits can provide a vital economic lifeline for those who have an illness or injury that prevents them from working. Our long term disability claims attorneys can explain the importance of reading and understanding the specific terms of any insurance policy entered into, but most LTD policies replace a certain percentage of pre-disability income for a set period of time. For example, common monthly benefits are 66 percent of previous income payable until the claimant’s normal retirement age as determined by the Social Security Administration (SSA). Whether the LTD benefits are taxable or not will have a significant impact on the individual’s quality of life.