Why Disability Insurance?
Have you ever wondered what would happen to your income if you had an accidental injury, sickness, or pregnancy? That is why you need disability coverage. It replaces a portion of income for the period of time you are unable to work due to those reasons.
You are able to choose the benefit amount which is the amount of your income to replace, and the waiting period that you begin receiving payments.
How do you decide if you need disability insurance?
Consider these questions when making your decision:
- How much employer leave do you have?
- Do you have savings?
- Do you have other income you can rely on, such as from your spouse or from child support?
- How close are you to retirement?
- Could you go on Social Security Disability or take a Disability Retirement?
- What are your other sources of income?
The Hartford
(800) 523-2233
Your employer provides you with Short Term Disability. Benefits may begin as soon as 8 days from the date you are unable to work due to an injury or illness and may be paid for up to 12 weeks, as long as you are still unable to work due to a covered disability. (90 Day Waiting Period for Eligibility)
Long Term Disability is available for purchase for benefits that may begin as soon as 90 days of the disability. If you are an eligible employee, you can elect to receive a monthly cash benefit that replaces 60% of your monthly pay, up to $5000 per month. Benefits begin after 90 days of disability.
