Have you ever thought about how you would pay your bills if you could not work? According to the American Council of Life Insurers, nearly one in three Americans will suffer a serious disability during their working years. How long could you go without a paycheck? As an employer, how long could one of your employees go without a paycheck?
There is a solution: Employee Disability Insurance.
Short-term disability insurance can temporarily replace your income if you are sick, hurt or disabled, whether you are recovering from surgery or an injury, or during treatment for a serious illness.
Long-term disability insurance can permanently replace your income should you have an accident, injury or illness that ends your career prematurely.
Roper Insurance can help you find the right short-term disability insurance and long-term disability insurance coverages for you–and for your company and employees. Disability insurance can be surprisingly affordable and will replace up to 60 percent of your income or your employee’s income at the time of disability.
Short-Term Disability Insurance
Short-term disability insurance plans start as low as $15 for an individual earning $40K per year and can protect your or your employees from lost income during a recovery that lasts from 1 – 26 weeks.
Long-Term Disability Insurance
Long-term disability insurance plans start at $5 for an employee earning $40K per year. If an employee has an accident or illness that ends their career and leaves them unable to work, they can begin receiving long-term benefits 90-180 days after their disability begins and continue receiving benefits until they reach Social Security retirement age.
If you’re not sure how much disability insurance you need or you just want to get to see what’s available, use this Disability Insurance Calculator to help you get started.