Question

What is the difference between long term and short term disability insurance

Answer 1

The main difference between long-term and short-term disability insurance is that short-term disability insurance provides temporary income replacement for a limited period, usually up to six months, while long-term disability insurance provides income replacement for a longer period, usually from two years up to age 65 or for the rest of the insured's life.

Answer 2

Short term disability is intended to cover you immediately following a serious illness or injury, and long term disability insurance is intended to maintain income replacement if your condition keeps you out of work past the end of your short term disability benefit period, even to retirement, depending on your plan.