HomeDisability InsuranceWhat is the difference between short-term and long-term disability insurance?
Disability Insurance Basics
What is the difference between short-term and long-term disability insurance?
Short-term disability insurance covers disabilities lasting 3-6 months. Long-term disability insurance covers disabilities lasting years or until retirement. Short-term disability has a shorter elimination period (0-14 days). Long-term disability has a longer elimination period (90 days is most common). Both are important for comprehensive income protection.
Key Points
- Short-term disability: covers disabilities lasting 3-6 months
- Long-term disability: covers disabilities lasting years or until retirement
- Short-term elimination period: 0-14 days
- Long-term elimination period: 90 days is most common
- Both are important for comprehensive income protection