What Is Short Term Disability Insurance?
.JPG)
63333 POINTSview profilePeggy MaceMost of the U.S.Short Term Disability Insurance is coverage that pays part of your income to you in cash when you become unable to work due to illness, accident, or in some cases, pregnancy or childbirth. It usually starts within days after the disability occurs and lasts for about 6 months, although it can possibly pay out for as long as two years.Answered on June 20, 2013flag this answer
61667 POINTSview profileSteve SavantSyndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale ArizonaBefore shopping for short term disability insurance, first determine if your employer's group benefit plan offers it. If your an executive or key person in the company, you may ask for short term disability insurance to be added to your compensation package. Short term disability benefits usually is designed for two years. Short term disability is paycheck protection against illness or injury recovery.Answered on September 11, 2013flag this answer- 63333 POINTSview profilePeggy MaceMost of the U.S.Short term disability insurance is used to cover illnesses and injuries that typically last under a year, or up to two years. Surgeries, chemo treatments, maternity leave, broken bones and sprains, and back injuries are some common ailments covered by short term disability insurance. The policy pays income to the disabled person until they can go back to work.Answered on September 11, 2013flag this answer
Did you find these answers helpful?
Yes
No
Go!
Add Your Answer To This Question
You must be logged in to add your answer.
