What is short term disability Insurance?

Answer Short Term Disability Insurance replaces a portion of your income should you become sick or injured and unable to work.

Top Q&A For: What is short term disability Insurance

Can you purchase a second short term disability insurance if you already have short term disability insurance through your employer?

Yes you can get supplemental coverage. Most carriers will limit the total benefit amount to under 70% of your income. For example, if your current policy replaces 35% of your income, you can purch... Read More »

If you are 6 weeks pregnant and it is too late to sign up for voluntary short-term disability offered by your employer are there any companies that will provide a short term disability policy?

Certainly there are but your present condition would be exluded.You can still apply even if you are already pregnant. Your pregnancy and maternity leave will not be covered, but you will have incom... Read More »

Are short term disability benefit payments taxable for an employer provided and paid short term disability plan?

Answer Yes, all employer paid benefits and wages are taxable. There is a way around that if you are an executive. 4lifeguild

Can short-term&long-term disability insurance be deducted from federal taxes?

Taxpayers are not allowed to deduct premiums that they paid for personal disability insurance. While it is legal to deduct other forms of insurance, such as business liability insurance, personal d... Read More »