Individual Short Term Disability Insurance
Short-term disability insurance is beneficial in protecting you from a lapse of income in the event of being unable to work for an extended period of time, due to sickness or injury.
Employers sometimes offer short-term disability insurance with varied coverage, depending on the policy plans offered.
However, it is possible to acquire short-term disability insurance without going through your employer.
Benefits of Short-Term Disability Insurance
Consider the ramification of suddenly being without a paycheck. Would you have enough savings to cover your rent or mortgage, utility bills and feed your family? Unfortunately many people are not adequately prepared with money set aside for such emergency situation.
However, with short-term disability coverage, you would receive funds to help cover the daily costs of living. Avoid putting your family at risk and consider purchasing an individual short-term disability insurance policy. Below are some of the benefits of having such coverage.
- Financial provisions to take care of you and your family.
- Most provide up to 60% of your regular income.
- Protection from losing personal items due to inability to pay bills.
Determining If You Need Coverage
Not everyone needs individual short-term disability coverage, but it is always best to be prepared. For example, if you have financial resources set aside that would cover living expenses for three to six months, then it may not be necessary.
Although, having supplemental insurance is always beneficial because oftentimes even with some of the best insurance plans, people experience gaps in coverage which can quickly increase personal expenses.
With short-term disability coverage you would be paid on a monthly basis during the period of disability
Qualifying for Coverage
Several factors may be involved in determining your qualification of eligibility for an individual policy.
Be prepared to answer questions pertaining to your current health, age and the type of benefits you are interested in.
Also, your profession will sometimes affect the premiums associated with individual short-term disability coverage, since some involve higher risks than others.
eSupplemental.com offers supplemental coverage for individual short-term disability insurance, when employers do not provide it as a benefit.
eSupplemental.com works with insurance carriers offering top quality coverage, so they can customize an insurance plan that best fits your individual needs and budget.
Having been in business for more than a decade, their team of professionals can answer any questions you have regarding short-term disability insurance.
Here’s What To Do Now
Contact eSupplemental.com today for a free no obligation short term disability insurance quote.
We can shop around the top insurance companies to find you the best rates.
It does not cost anything extra to go through us and we are not associated with any one insurance company.
This way you can get an unbiased quote so that you can make an informed educated decision.