What kind of insurance plan typically provides benefits until the insured reaches age 65?

Long-term disability insurance is designed to provide income replacement benefits to individuals who are unable to work due to a qualifying disability for an extended period. Typically, these policies can extend benefits until the insured reaches age 65, at which point they may be eligible for retirement benefits and other forms of income. This structure helps ensure that individuals can maintain a level of financial support during the critical years leading up to retirement when they may face challenges related to disability.

On the other hand, term life insurance is intended to provide coverage for a specific period (the term) and pays a benefit only if the insured dies during that term. Permanent life insurance offers lifelong coverage and may have a cash value component, but it is not specifically tied to age 65 for benefit payout purposes. Short-term disability insurance, while offering income replacement, typically covers a much shorter duration (usually up to six months) and would not provide benefits until the age of 65. Therefore, long-term disability insurance stands out as the option that specifically aligns with providing benefits until reaching that age.