Why You Need Short Term Disability Insurance Plans?

November 12 ,2011 by admin

Nowadays, an increasing number of people are opting for short term disability insurance. In fact, the number of people amounts to millions. The fact that their ailing health conditions will not suffice for generating enough income for their dear ones bothers most people. In such cases when you are aware of your deteriorating health conditions, it is ideal to choose short-term disability insurance plan. These plans are important for your family, as they fill your gap by providing a sustainable income during your most unproductive years. A short-term disability insurance policy (STD) allows you to get partially paid leaves. The policy mostly depends on an organization and your tenure of service. Some organizations even allow you a full paid leave during the time of your disability to work.


Individual short term disability insurance allows you to plan your disability periods, so that you can reap the benefits later. Most disability periods are unproductive. Besides, you do not earn from them. By choosing an STD plan, you can plan your disability periods and make them productive as well as maintain them as good source of income. In fact, STD plans are ideal for people who do not have much savings to thrive on. Besides, it is optimistic to buy a short-term insurance plan, as it provides you resourceful sum in the times of need.


However, there are many short term disability insurance plans available. You can choose the one, which suits you the best. However, if you are new to disability insurance, you need an agent to work with. Besides, you may additionally choose insurance websites that allow you to compare different STD plans. Moreover, they allow you to compare quotes and choose the cheapest policy. Thus, online insurance website lets you decide on which plan to go for as well as guides you about the plan that carries least risk. Thus, depending on your requirements and working conditions, you can choose a plan.


It is often vulnerable to worry during periods when you are inactive and off from work. In addition, if days of absence are more than few weeks, it is sure to become a case of worry. Everyone wishes a good health, however sometimes our health does not respond to desired actions. It is during such times, when people take forceful leaves to take rest and regain their health. However, they pay a heavy price in return. Their exclusion from work affects their whole month’s salary. On contrary, on buying individual short term disability insurance plan well ahead of time, your salary is safe from receiving a tighter blow. In fact, on buying a suitable STD plan, you ensure to get anywhere between 40% to 60% of your monthly salary even after taking longer leaves based on medical reasons. In some cases, you might receive 100% of your salary regardless of your leaves and absence from work. In fact, this percentage depends on which plan you choose and how long you served your organization in return.


Short term disability insurance places a slab over both the maximum amount to pay and number of days of your leaves. In case of an injury, the plan gets activated automatically without any prior intimation to serve. However, in case of sickness, the plan consumes waiting periods of few days after which it becomes activated. In fact, the waiting period for activation of plan during sick leaves is for your benefit. Owing to waiting period slab, you get to utilize your normal sick leaves that every organization promises for it employees. Only after once you get sick and your sick leaves expire, your STD plan starts without any waiting period slab. Thus, you earn without losing your salary that is beneficial for your family member during your absence from work.


Thus, short term disability insurance plan proves to be useful for people, who have responsibilities of family. Using STD plans, you can never miss from paying your electricity bills, house rents as well as mobile and other utility bills. Thus, with STD plan under your arm, no sickness or healthy issue can dither your strong will for supporting your family. It is ideal to act soon than react later as much of your future is governed by what you do today.



short term disability insurance