Unexpected injuries can cause financial stress. That’s where short-term disability insurance comes in.
Why should you consider short-term disability insurance?.
Illnesses or accidents can come out of nowhere. They can interrupt your life, and your ability to work for months—even years. This type of insurance provides financial support to manage your disability and your household.
What is covered by this type of policy?
The principle of short-term disability insurance is simple enough: you pay premiums and if you become disabled and are no longer able to work, you get regular payments to make up some of the lost income. As with life insurance, it’s often a smart way to protect you and your family (or financial dependents) if the worst happens.
Why is Aflac short-term disability coverage important?
Individual short-term disability insurance insures your income for a specified benefit amount if you become injured or ill due to a covered disability or covered pregnancy. You can choose monthly benefit amounts appropriate for your specific needs. Insuring your income helps pay living expenses such as mortgage/rent, groceries, car payments, etc., if you unable to work due to an illness or injury.
Plan features include:
- Guaranteed Issue with no medical questions, is available up to a $3,000 monthly benefit.
- $6,000 maximum monthly benefit.
- On-the-job Benefit rider: Half of your monthly benefit is payable if you are hurt while at work. Benefit is in addition to social security and Workers’ Compensation.
- Two different plan structures: 6-month benefit period with 14-day elimination period or 24-month benefit period with 30-day elimination period.
- Premiums will not increase due to age.
- Benefits are paid regardless of any other insurance.
- Coverage is guaranteed to age 72.
- Convenience of payroll deducted premiums.
- Portable – You can keep your coverage if you change jobs or retire.
How it works.
The above example is based on a scenario for Aflac Short-Term Disability that includes the following benefit conditions:
- Ages 18–49, employed full-time at the time disability began, $2,000 monthly disability benefit amount, $48,000 annual salary, not including any benefits by a state disability plan, elimination period 14/14 days, 6 month benefit period, benefits based on policy premiums being paid with after-tax dollars.
- The policy has limitations and exclusions that may affect benefits payable.
- For costs and complete details of the coverage, contact Benefits Planning Corp.
- This example is for illustrative purposes only. Refer to the disclosure statement and policy for complete benefit details, definitions, limitations, and exclusions.
Click the link below to download the brochure.
Aflac Short-Term Disability
Interested in learning more?
If you would like to sign up or learn more about this plan, please fill out the form to be contacted by a representative.
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