Diability Insurance
Short-term and long-term disability coverage protect you when you are off the job for a period of time due to illness or injury.
What is Short Term Disability?
Short-term disability (STD) is coverage that pays a percentage of an employee’s salary when they are not able to work as a result of injury or illness. Employees can receive up to 60% of their regular wages (typically 40-60%) through short-term disability insurance.
What is Long Term Disability?
Long-term disability (LTD) coverage pays 50-70% of an employee’s salary when the employee is unable to work due to injury or illness.
The is Importance of Short-Term and Long-Term Disability Insurance?
It’s important that employees have a plan in place. One in four people in their 20s will become disabled before they turn 67, according to the Social Security Administration.
Providing short-term and long-term disability insurance at your business is a great benefit. Dealing with an illness or injury for an extended period of time is stressful on its own before factoring in the loss of wages.
What Does Disability Insurance Help Cover?
Much like life insurance, life comes with expenses. These expenses are impossible to cover if you don’t have income. Disability insurance helps cover these costs if you become unable to work for the short term and for the long term depending on the policy.
Education Costs
Rent or Mortgage
Raising Children
WRS Insurance Solutions
8286 South Avenue Building A | Boardman, Ohio 44512 | Phone: 330-953-3722