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 26 weeks.
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.
The plan offers:
- 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)
- Easy claims filing: Report claims online or by phone
- Competitive rates: This group coverage is offered only through your employer