What is Short-Term Disability Insurance?
How long could you afford to be without a paycheck? That's a question every working person should consider. Short-Term Disability insurance helps to replace a portion of your income if you become ill or injured, on or off the job, and cannot work. It also pays benefits if you return to work but are unable to make your full, pre-disability income.
Why would an employer offer Short-Term Disability Insurance?
Studies show that most working adults have no savings set aside for emergencies1 and missing just one week of pay could cause a setback2. While many believe that sick leave and vacation time can be used to cover expenses during a disability, the fact is 3 in 10 people with disabling illnesses or injuries are out of work for three months or more, and the benefits from sick leave and vacation time usually run out in a matter of weeks.3
With statistics like these, purchasing Short-Term Disability insurance is a smart decision to help protect not only your income but your overall financial stability.
Policy Form Series SL-EMPDI 16-P may not be available in all states. The policy has exclusions and limitations. Benefits may vary by state.
This product is not available in AK, CO, CT, FL, MA, ME, MN, ND, NH, NJ, NM, NY, VT, WA
1Council for Disability Awareness. Dec. 2011
2American Payroll Association, "Getting Paid in America" Survey, 2014
3LIMRA 2015 Disability Awareness Month Fact Sheet.