Many Americans have little to fall back on if an injury or illness prevents them from working. Unum Disability Insurance can pay regular benefits to help them keep the bills covered, so they can focus on getting well and returning to work.
|Short Term||Long Term||Individual|
|Length of possible coverage payments||9-52 weeks||Benefits paid until retirement age||Benefits paid until retirement age|
|Amount that the benefit can pay||Up to 60% of your monthly income||Up to 60% of your monthly income||A higher percentage of your pre-disability earnings|
|Portability||Sometimes portable, depending on plan||Portable in most cases||Fully portable|
|Most commonly used for||
In general, your employees should have enough disability coverage to replace 60% of their after-tax income. However, this number can vary based on several factors, such as recurrent debt payments and monthly living expenses.
An employee is considered to be disabled on the date that they meet the definition of disability as outlined in their policy. Medical records and information from a physician will help determine that date. Common illnesses and conditions that may lead to disability include:
Excluded disabilities can vary by policy, but typically include:
Policyholders can do this and more in their account.
The number of days for the recurrent provision is stated in the employee’s policy. If they become disabled after the number of days in the recurrent provision or due to a new medical condition, they will need to file a new claim.