INSURANCE

Mar 23 2020

Private disability insurance pregnancy #Sun #Life #Financial #- #Short-Term #Disability



Private disability insurance pregnancy

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Short-Term Disability

SLPC 25094 01/17 (exp. 01/19)

Make sure your paycheck is protected when you are unable to work due to a short-term disability.

Short-term disability 1 insurance provides you with a weekly cash benefit to help pay for everyday expenses (such as mortgage/rent, utilities, childcare, or groceries) if you are unable to work for a short time due to a covered disability (e.g., back injuries, recovery from surgery, or even maternity leave).

How does it work?

Short-term disability insurance provides you with a check that pays you a portion of your income once your claim is approved, which can help lessen the financial impact of a covered disability. 2 When you purchase this insurance through work, it can help you manage your expenses without relying solely on your savings.

What’s covered?

Short-term disability insurance may replace a portion of your income typically for up to 13 or 26 weeks. Your plan costs depend on your age, your benefit amount, and other factors.

What should you consider?

When deciding to sign up for short-term disability insurance, consider the following:

1. In Vermont, the product name is Short-Term Income Replacement insurance when the maximum benefit duration elected is less than 26 weeks.

2. Keep in mind that other sources of income could impact your benefit amount.

This policy contains limitations and exclusions that may affect benefits. Please see the certificate or ask your benefits administrator for information on elimination periods, waiting periods, and pre-existing conditions limitations.

This coverage does not constitute comprehensive health insurance (often referred to as “major medical coverage”) and does not satisfy the requirement for Minimum Essential Coverage under the Affordable Care Act.

Group insurance policies are underwritten by Sun Life Assurance Company of Canada (Wellesley Hills, MA) in all states, except New York, under Policy Form Series 93P-LH, 15-GP-01, 12-DI-C-01, 12-GPPort-P-01, 12-STDPort-C-01, 16-DI-C-01, TDBPOLICY-2006, and TDI-POLICY. In New York, group insurance policies are underwritten by Sun Life and Health Insurance Company (U.S.) (Lansing, MI) under Policy Form Series 15-GP-01, 13-GP-LH-01, 13-LTD-C-01, 13-STD-C-01, 06P-NY-DBL, 12-GPPort-01, and 12-STDPort-C-01. Product offerings may not be available in all states and may vary depending on state laws and regulations. The group insurance policies described in this advertisement provide disability income insurance only. They do NOT provide basic hospital, basic medical, or major medical insurance as defined by the New York State Department of Financial Services.

Why buy short-term disability insurance?

View a quick clip featuring why short-term disability insurance might be right for you.


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