Designed to Protect You From a Loss of Income.
When you miss work due to an illness or injury, you may need help protecting your paycheck. Disability income insurance can help you pay your mortgage or rent, car payment, daily expenses and more. Disability income insurance generally comes in two forms, short term disability (STD) and long term disability (LTD).
If you are temporarily injured or have an illness that prevents you from working, short term disability income insurance replaces a percentage of your income for three to six months. Short term disability coverage can be obtained individually or as part of a group such as an employer.
Long term disability income insurance offers income protection designed to cover serious illnesses or injuries that prevent you from working for months or even years. The benefits last until you can go back to work or for the number of years stated in the policy.