If you were to
become sick or disabled tomorrow and were unable to work for
two to three months, would you have enough savings to cover
your living expenses during that time? If you don't, short
term disability insurance would be an invaluable resource as
you recover so that you may return to work.
What is
STD?
Short Term Disability (STD) pays a percentage of your salary
if you become temporarily disabled, meaning that you are not
able to work for a short period of time due to sickness or
injury. A typical STD policy provides you with a weekly
portion of your salary, usually 50, 60, or 66 2/3 percent
for 13 to 26 weeks. You generally start receiving money from
your STD policy within 1 to 14 days after becoming sick or
disabled. The actual time for coverage to commence depends
upon whether you suffer an illness or injury. If you suffer
an injury, benefits will be paid immediately. If you suffer
an illness, it will take longer because there needs to be
enough time to show that the illness is grave enough to be
disabling.
Short Tern
Disability protects
employees against the short-term
loss of income due to injury or illness.
