What types of short-term disability insurance policies can I buy?

There are many types of short-term disability insurance polices and features that can be purchased through group and individual insurance providers.

• Group Insurance: Short-term disability insurance provided through your employer.
  
  
• Individual Insurance: Short-term disability insurance coverage you purchase on your own.

The most important consideration when choosing a short-term disability insurance plan is to understand the meaning of the terms "disability" and "disabled" as defined in the policy itself.

A plan that excludes too many illnesses, pregnancy, or other possible short-term disabilities is not one that is likely to pay out benefits when you need them most.

Typically, short-term disability insurance replaces 40-70 percent of the disabled's paycheck income with benefit periods usually limited to one to six months.

You should choose the plan the offers the longest benefit period and try to find one that is both non-cancelable and guaranteed renewable.

More Insurance and Legal FAQs:

• All Disability Insurance FAQs
• All Insurance and Legal FAQs