This short story may describe your situation. Your employer does not offer an option. You are looking for individual short-term disability insurance you can purchase on your own.

Does this describe you? If so, you have arrived at the right place. You may be unaware of monthly premium rates for different feature choices. In addition, there is a critical distinction in policy types, and the channel companies use to offer each type.

  1. Online quotes and premium rates
  2. Two different policy types and key distinctions
  3. Carriers issuing the two types of coverage

Individual Short-Term Disability Quotes and Rates

Individual short-term disability insurance quotes and rates help you determine what it may cost to protect your income. Temporary medical conditions can interrupt your ability to work. Many people live check-to-check and have little or no savings. Even a brief disruption in income can make it difficult to pay your regular bills.

Get an online quote to determine premium rate estimates for a variety of configurations. Speak with one of our agents when you are ready to make a purchase or just have questions.

Online Quote Inputs

Individual short-term disability quotes are available on another page. Input several feature variations, along with the industry of your employer or your occupation, along with your age. Get an instant estimate of premium costs.

The quote form will ask you about the industry of your employer or your occupation. These questions determine your assigned risk classification. Certain industries and occupations are more dangerous or prone to frequent work absences. The price quoted will reflect these risks.

The attained age of person requesting the quote is also an important qualifier. Older people tend to suffer from illnesses that prevent them from working. Younger healthier people miss less work time. Your quote will reflect these differences.

Premium Rate Variables

Individual short-term disability premium rates change with the features selected. The three feature selections having the greatest effect on rates are the income replacement amount, the benefits period, and elimination period.

Income Replacement Amount

The income replacement amount can range as high as 70% of gross income, up to a hard dollar monthly cap amount. The hard dollar cap may be up to$ 6,500 monthly. Larger income replacement amounts yield higher rates.

Benefit Period

The benefits period describes how long claims payments may last during the time you are unable to work. Benefits periods start at 3 months and can reach up to 36 months, with intervals in between. Longer benefits periods yield higher rates.

Elimination Period

The elimination period determines how long you must wait before claims payments begin. There may be separate numbers for accidents and sicknesses. Accident elimination periods can begin at 0 days while sicknesses may begin at 7 days. Shorter elimination periods translate into higher rates.

Individual Short-Term Disability Policy Types

There are two distinctly different types of individual short-term disability insurance policies. Most site visitors do not understand these distinctions until learning about them here. There are two sets of purchase channels. One channel provides greater convenience – private purchase plans. The other provides better benefits – worksite policies

Private Purchase Plans

Purchase private short-term disability plans online or through contact with an independent agent working in your local geography. This approach is very convenient. It puts people in control of the process.

The biggest drawback to private purchase plans is they do not cover normal childbirth. Complications may be covered when the plan begins prior to conception. However, once delivery occurs, claims payments stop.

Personal Worksite Policies

You may be able to obtain personal short-term disability policies at your worksite. You must begin by making premium payments through payroll deduction. They are personal policies owed by the employee, not the employer. After paying the first month’s premium, you can keep the policy and pay directly.

Maternity leave coverage is the primary advantage of personal worksite policies. Worksite policies cover mom’s recovery from normal childbirth. This is the only personal policy type that provides this sought after feature.

The primary drawback of personal worksite policies is that not every employer offers them. Employees pay the premiums themselves, so there should not be great resistance from employers. Ask your employer to offer the option.

Individual Short-Term Disability Carriers

There are two types of individual short-term disability insurance carriers. The industry is very competitive, so expect the features, language, and rates to look very much alike across purchase channels.

The most critical difference between carriers will sound familiar. Some carriers sell privately while some sell only through the worksite, and some sell through both channels. Scan through the carrier lists below to narrow down your options.

Private Sale Companies

Private short-term disability companies sell directly. Many self-employed workers find these companies to be the best choice for them, as other purchase options may not be realistic. Look up company offices in your local area to find an agent licensed in your state. Most will be happy to take your application and submit it to the issuing company for approval.

Here are three companies that are known to offer this type of coverage.

  1. Mutual of Omaha
  2. Metlife
  3. State Farm

Personal Worksite Providers

Personal short-term disability providers sell through the worksite. As you can see, there are many more providers in this category. The worksite is a more favorable environment to sell personal coverage, as the employer can verify income and working status.

Personal providers shy away from adverse selection. Worksite marketing allows them to offer coverage to a larger number of people and take in premiums from people not planning to file a claim. Small-business owners find these plans a great fit. Only three people need to participate.

Here is a list of eight providers known to offer this type of plan.

Aflac Colonial Life The Hartford
Humana Metlife Mutual of Omaha
Prudential UNUM