The principle of short-term disability insurance is simple enough–you pay premiums and if you become disabled and are no longer able to work, you get payments to make up some of the lost income.
As with life insurance, it’s often a smart way to make sure you and your family (or financial dependents) are protected if the worst happens.
You do need to pay attention to the details with short-term disability insurance, however, as policies have several key options. For example, short-term disability insurance policies are usually capped at six months.
Your employer may cover you with a short-term disability insurance policy or give you access to buy one at a discount. Even if this is the case, don’t automatically rule out getting your own policy instead, or in addition to, your company’s policy.
We understand the details of short-term disability insurance and will be happy to walk you through it.