If you find yourself disabled for a short time, your employer may offer short-term disability insurance as part of your benefits package to help you retain some income while you recover. There will be a threshold employment requirement (a certain time of service and employment status) to be eligible. Typically, the range of benefits is
Disability Insurance
Disability insurance replaces a portion of your income if you are unable to work due to an accident or prolonged illness. It’s usually broken into short-term insurance (typically one month or less) and long-term (anywhere from a month to a lifetime). Short-term disability insurance usually covers 60-70% of your salary at the time of the
You probably have insured many things – your house, your car, your life, your family… but have you considered insuring your ability to work and earn a living?
Disability insurance pays benefits if you become disabled and incapable of providing the income necessary to take care of yourself and your family. If you do not
When most people think of “disability insurance,” they think of Workers Compensation programs provided by all 50 states. That’s because Workers Comp, as it’s typically called, insures over 130 million Americans today against the risk of workplace injury through premiums paid by both workers and employers. In 2011, the last year for which complete data
Long-Term Care insurance is a bit of a misnomer, because its typical coverage duration is two to six years. It is designed to cover disabling situations beyond traditional disability insurance or standard health insurance, usually toward the end of your life.
Most health insurance provides limited — if any — long-term care coverage. And disability