Frequently Asked Questions
"What Types Of Individual Disability Insurance Are There?"
Answer: In the private sector, there are two main types of disability insurance: Short-Term Disability Insurance and Long-Term Disability Insurance. There are many varieties of each - Here are some basic features:
- Short-Term Disability Insurance— Short-Term Disability policies will have a waiting period of 0 to 14 days before benefits begin with a maximum benefit period of no longer than two years.
- Long-Term Disability Insurance— Long-Term Disability policies will have a waiting period of several weeks to several months before benefits begin with a maximum benefit period ranging from a couple of years to the rest of your life.