Disability Insurance

If you become disabled, how would you pay the bills?

• Savings? How long would your savings last?
• Sell Assets? How much will you get for used items if you need to sell today?
• Social Security? Benefits are difficult to obtain and it requires a lot of paperwork.
• Loans? It's difficult to get a loan without an income.
• Donations? Will your family and friends help?
• Spouse income? Will one income cover all your bills and additional medical expenses?

Disability insurance is designed to replace a percentage of your income while you are out of work due to a covered illness or injury. If you are injured on the job, your employers° workers compensation policy will pay you for a percentage of your lost wages.

Organizations may purchase Short Term Disability (STD) or Long Term Disability (LTD). A STD policy will pay benefits for 13 or 26 weeks and usually has a short waiting period. A LTD policy has a longer waiting period (90or 180 days) but will pay benefits until age 65, if necessary. The waiting period is a deductible. It's the period of time the employee must be totally disabled before benefits are paid.

For more information about which type of plan your group may be eligible for, please click here.