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    Disability Insurance
    This Content sourced with permission from Insurance Information Institute, Inc.
    Disability Insurance FAQ

    Disability insurance is a type of health insurance that pays a monthly income to a policyholder who is unable to work because of an accident or illness.

    There are two types of disability policies: Short-Term Disability (STD) and Long-Term Disability (LTD):

    1. Short-Term Disability policies (STD)
      They have a waiting period of 0 to 14 days with a maximum benefit period no longer than two years.

    2. Long-Term Disability policies (LTD)
      They have a waiting period of several weeks to several months with a maximum benefit period ranging from a few years to the rest of your life.

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