Short vs. Long Term Disability Insurance

Disability insurance may provide financial security in case of an inability to work due to injury or illness. Understanding the differences between short-term and long-term disability insurance is vital to choosing the proper coverage.

Short-Term Disability Insurance

Short-term disability insurance is designed to provide financial assistance for a brief period, typically ranging from a few weeks to several months. It’s particularly useful for conditions that temporarily prevent someone from working, such as recovering from surgery or dealing with a short-term medical condition.

Generally, short-term disability insurance offers a significant percentage of the individual’s regular income. The waiting period for benefits to start is usually short, often a few days to a couple of weeks after becoming disabled.

While these guidelines broadly hold true, confirming a policy’s terms with a knowledgeable insurance agent is always important. We at Alliance Insurance Partners can help you check terms if you’re in Scottsdale, AZ.

Long-Term Disability Insurance

Long-term disability insurance, on the other hand, is intended for more serious conditions that affect an individual’s ability to work for longer periods, sometimes lasting for years or even until retirement. This type of insurance typically kicks in after the short-term benefits expire, providing a continued source of income.

Long-term disability policies can have waiting periods ranging from several weeks to a few months. 

Get Help With Disability Insurance

Whether you need either or both of these depends on your situation. If you’d like help determining whether short-term or long-term disability insurance makes sense for you, contact us at Alliance Insurance Partners. We’ve assisted many Scottsdale, AZ residents and will ensure you’re protected well against injury or illness.