Short Term Disability:

• Administered by The Hartford. An optional insurance policy that may provide 60% of an employee’s weekly salary if the employee is unable to work for more than 30 days due to illness or injury.

• Provides non-occupational disability benefits and is payable when an employee becomes disabled due to accident, sickness or pregnancy and is under the regular care of a medical provider. The benefit amount, the day benefits begin, and the maximum period for which benefits are payable are chosen by the employer.

• Usually associated with group insurance, this type of insurance pays a monthly benefit for total disability after a brief waiting period for a short period of time (typically up to three, six, nine or 12 months).

Long Term Disability:

• Administered by The Hartford. An optional insurance policy that may provide 60% of an employee's annual salary if the employee is unable to work for more than 90 days due to illness or injury.

• Provides a reasonable replacement of monthly earnings to insureds that become disabled for extended periods of time due to accident or sickness.

• a private disability insurance policy that pays when people are unable to work for a "long" period (usually more than three to six months).

What is disability insurance and why do I need it?

If you are like most people, you depend on your paycheck to pay your monthly living expenses. But what would happen if you had a disabling accident or illness? How would you make your monthly rent or mortgage loan payment? Unfortunately, the reality is that the risk of becoming disabled may be greater than you think. Employers may offer either, or, or neither at your place of employment however disability insurance is also available on an individual basis. The application and underwriting procedure works very similar to the life insurance application and underwriting process.

Our team at Clarkson Financial Services is available to assist you, your company and/or employer in determining if this very affordable coverage is available for you.

Please contact our office at 1-800-338-7148.