Disability: short term, long term, or a hybrid

Disability: short term, long term,
or a hybrid

Providing periodic payments to replace income lost when the insured is unable to work due to sickness or injury, disability is an employer-sponsored insurance covering a portion of an employee’s earned income. Typically, short term plans provide up to six months of financial support, while long-term plans provide support until the employee is considered permanently disabled. For both plans, there is typically a waiting period before benefits go into effect.

Just over 1 in 4 of today’s 20-year old’s
will become disabled before reaching age 67
Source: Social Security Administration, Fact Sheet February 7, 2013