Disability Insurance: What would you do if your income stopped today? Think about it. What would happen if suddenly, due to an illness or injury, you were unable to work?

Without your paycheck, how long would you be able to make your mortgage or rent payment, buy groceries or pay your credit card bills without feeling the pinch? If you’re like most, it wouldn’t be long at all: Recent surveys suggest that nearly 7 in 10 working Americans couldn’t make it a month before financial difficulties would set in, and one in four would have problems immediately.That’s where disability insurance comes in.

Think of it as insurance for your paycheck. It ensures that if you are unable to work because of illness or injury, you will continue to receive an income and make ends meet until you’re able to return to work.You don’t hesitate to insure your home, car and other valuable possessions, so why wouldn’t you also protect what pays for all those things—your paycheck.

Explore this section to learn more about the different sources of disability income protection and ways to get coverage. Our Creative Benefits professionals can help you make informed choices about your disability insurance coverage.

Group Short Term Disability Insurance: Short Term Disability insurance is designed to provide coverage for disabilities resulting from physical disease, injury, pregnancy or mental disorders.  It offers an attractive option for employers who want to supplement a sick leave or statutory disability benefits program.  STD plans typically provide a weekly benefit to covered employees who become disabled due to an injury, sickness or pregnancy. These plans can help your employees manage their household costs by providing up to 60% of their income while they are temporarily disabled.Plans typically have waiting periods, benefit periods, maximum benefit amounts and limitations.

Group Long Term Disability Insurance: Long Term Disability insurance provides a monthly benefit to eligible employees who are partially or totally disabled due to a covered physical disease, injury, pregnancy or mental disorder.  It is key to smart financial planning for both employers and employees.  It provides benefits to replace a portion of lost income under a group policy.  This helps disabled employees recuperate with fewer financial worries.  Plans typically have waiting periods, benefit periods, maximum benefit amounts and limitations.