What is disability insurance?
Why is having Disability insurance important?
If you are unable to work due to illness or injury, disability insurance can help pay your most important expenses. These include: Mortgage or rent, car payments, food, child care/tuition and utilities.
Short Term Disability Insurance replaces a portion of your income during a disability which could last up to 180 days. Having disability protection can help you cover your essential living expenses and help safeguard your savings, since it replaces a portion of your income lost due to a disability or illness.
Long Term Disability Insurance replaces a portion of your income during a disability that is expected to last for an extended period of longer than 180 days.
While many people think that disabilities are typically caused by accidents, the majority of long term absences are actually due to illness.* A good rule of thumb is to protect 60-80% of your after-tax income. This will help you meet your most important financial needs.
Both plans offer:
- Direct payments: receive a portion of your salary paid directly to you if you are unable to work after satisfying the initial Elimination Period. (Short Term Disability benefits pay weekly, while Long Term Disability benefits pay monthly.)
- Easy claims filing: Report claims online or by phone
- Competitive rates: This group coverage is offered only through your employer
How does the plan work?
MetLife offers various ways to submit a claim based on your plan, including online, mail and phone options. Plus, you can track the status of your claim online or on the MetLife US App. Search “MetLife” on ITunes App Store or Google Play to download the app.
As one of the nation’s leading providers of disability benefits, you can count on MetLife to provide you with caring, compassionate and accurate claims service, if and when you experience a disability.
While you are on an approved disability, payments will be made directly to you – not your employer, hospital, doctor or insurance company. The amount of payment will depend on the amount of coverage you choose.