Short-Term Disability Insurance
Short-Term Disability Insurance is a type of coverage that provides financial support to individuals who are temporarily unable to work due to a medical condition, injury, or illness. This insurance typically pays a portion of the insured person's salary for a limited period, usually ranging from a few weeks to six months, depending on the policy.
The benefits of Short-Term Disability Insurance can help cover essential expenses, such as rent, bills, and medical costs, during recovery. It is often offered by employers as part of a benefits package, but individuals can also purchase it independently to ensure financial stability during challenging times.