Millennials, you truly live in the new world of employment. Long gone are the days of staying at one company for your whole career – or even for five years! With each job change comes a new benefits package to decipher and supplement. With all of this expected change in mind, you may want to consider buying short and long-term disability policies outside of your current employer’s plan.
Disability insurance protects you from losing all of your income if you were to become incapable of working – either for a short or long term basis. Short-term policies kick in after you have exhausted any sick leave offered by your employer. Depending on the policy, terms can run from 9 to 52 weeks. Long-term disability pays you a portion of your income after you have exhausted sick leave and your short-term policy. Again, terms depend upon your policy, but most run until age 65.
Unexpected injuries or illnesses that keep you form working can place a financial strain on you and your family. Disability insurance helps provide peace of mind during an already stressful time. Send us an email or give us call at 317.663.4138 to discuss your disability insurance options.