Long term insurance is mainly intended to protect the impact of a possible disability through a much longer period of time. The insurance company has to cover a percentage of the monthly salary for a much longer period of time, when you qualify as a disable individual.As with various types of insurance, there are multiple factors that will affect and change the terms of this insurance. The policy duration is not the only thing that you need to care about. Thus, it becomes utmost important for you to read the terms and conditions of the policy carefully. There might be some conditions on which you may not agree, thus, you have to go through the contract wisely.