Disability Insurance

Short Term Disability is an insurance policy that protects an employee from loss of income if one is temporarily unable to work due to illness, injury, or accident  or if an employee has inability to perform any or all aspects of their occupation. This pays a portion of your wages while you are out of work for a temporary disability as mentioned above. This is also a type of insurance that pays a percentage of an employee’s salary for a specified amount of time.

Applying for short-term disability generally requires that you complete an application form completed by your family doctor. Your doctor or physician needs to disclose your diagnosis, symptoms and treatment history. If this is available to you through work, you get the application form from your employer. If this is the case, ask your employer to fill out his or her portion. He or she needs to note how much you earn each week, your job title, nature of your work and your last day at work. If it’s through a private policy, contact your insurance company or broker to get the forms that you will need to fill out. When you are filling out the form, always include appropriate information. Explain the nature of disability as well as the date when you were first absent from work.

Friendly note: Report the claim as soon as you believe your absence from work may extend beyond the benefit of waiting period as outline on your policy.

It is a brilliant idea to have short and long term disability insurance nowadays. Accidents happen in a snap and you do no want to be left in a monetary bind. After all, peace of mind is more important than anything else.

Questions? Call us!