Short Term Disability Archives - Consumer Insurance Guide

What are the Differences Between Short and Long Term Disability Insurance?

By Debbie Klimas
July 1, 2019March 7, 2022

If you’re looking for insurance to protect your income, the first decision you have to make is what type of insurance you need Disability insurance is a type of policy that provides an income in the event you become sick or injured and cannot work. The decision on whether you buy short-term disability insurance or long-term disability insurance will depend on what you’re trying to protect. Short Term Disability Insurance (STD) Short-term disability insurance is…

Disability Insurance Basics

By Debbie Klimas
January 4, 2019July 31, 2019

If you rely on your income, you need to protect it with a good disability insurance policy. Many people take this for granted, but consider the economic impact you have to your family: Annual salary: $50,000 Age: 35 Retire at age: 65 Earned income over 30 working years: $1,500,000 Do you have anything else in your possession that’s worth over $1,5000,000? If you did, wouldn’t you insure it against loss? That’s what disability insurance does…

Short Term Disability Insurance and Pregnancy

By Bob Bland
December 4, 2018November 7, 2019

We get many request for short term disability insurance to cover maternity leave. Most of these requests are from women who have left a large employer, or are no longer working full-time, and are therefore not covered under a group short term disability policy (STD). They’re either already pregnant or considering becoming pregnant, and are looking for some disability coverage to provide income while out of work and on maternity leave. Unfortunately, normal child birth…

Anxiety Disorders and Disability Insurance

By Karla Sullivan
January 31, 2014June 21, 2019

Approximately 40 million American adults ages 18 and older—or 18.1 percent of the adult population—suffer from an anxiety disorder, according to new figures from the NIMH.