- Short-Term Disability:
- Provides income replacement for a short period (e.g., 3 to 6 months) if you are temporarily unable to work due to illness or injury.
- Long-Term Disability:
- Provides income replacement for an extended period (e.g., 2 years or until retirement age) if you are unable to work due to a serious or permanent condition.
- How Benefits Are Calculated:
- Typically, benefits are a percentage of your pre-disability earnings (e.g., 60%–70%).
Disability Insurance: Income Protection