Long Term & Short term Disability Insurance
Most people don't realize the high risk of becoming permanently or temporarily disabled at some point in their lives. If you were totally disabled and couldn't work as a result of an illness or injury, do you have the resources today to cover your expenses for weeks, months, or even longer?
It pays monthly income directly to you when you're unable to work because of a covered total disability.
You choose the length of time you must be disabled before you start receiving benefits (Elimination Period) and the length of time you would receive benefits.
Options include a five-year benefit period or a "to age 67" benefit option.
Maximum benefit amounts range from $500 to $100,000, based on your income and occupation.
You can customize your coverage with different riders.
If you receive a paycheck, here's a way to protect your earned income. A short-term disability policy offers you income protection to help cover monthly expenses (such as mortgage, rent, utilities, or car loan) if you're unable to work because of a total disability due to illness or injury.
Policy options are designed especially for short-term disability. They include one- and three-year benefit periods, with a monthly benefit amount ranging from $300 to $3,000 (subject to your income and occupation class).