This video explains the concept of short-term disability (STD) insurance and its role in safeguarding your income during periods of illness or injury. Here are some bullet points that may help you:
- Short-term disability insurance is likened to protection for your paycheck, ensuring you still receive income when you cannot work due to health issues.
- While many employers offer paid time off and sick leave, these benefits may not cover extended periods of sickness or injury. STD insurance bridges this gap.
- STD provides a predetermined weekly payment to compensate for the income you would normally earn while working. However, it only covers non-work-related sickness or injuries that last for 90 days or less.
- The specifics of STD policies can differ between employers and insurance companies, and we advise individuals to carefully review their job-specific policy to understand its terms and conditions.
