If you were to become disabled tomorrow and couldn’t work for two or three months, would you have enough savings to cover your living expenses during that time? If not, you may want to consider short-term disability insurance.
Short-term disability insurance policies are taken out by an employer and offered to employees to provide them with income in the event of a non-work related disability.
Work-related injuries are covered under the employer’s legally-required workers’ compensation insurance. Maternity is covered under most plans as a short-term disability. Elimination periods and benefit durations vary by plan design.
Short-term disability (STD) pays a percentage of your salary if you become temporarily disabled, meaning that you are not able to work for a short period of time due to sickness or injury (excluding on-the-job injuries, which are covered by workers’ compensation insurance).
Contact Insurance Trust today for more information at 207-773-0925 or complete the form below.