What is short-term disability insurance?

Author: External Author | Jun 30, 2021 | Categories: Critical Illness Insurance , Disability Insurance , Financial Advisor , Financial Planning Services , Health Insurance , Life insurance , Life Insurance Broker , Mortgage insurance , New Immigrant Life Insurance , Non Medical Life Insurance , Term Life Insurance , Whole Life Insurance

Short-term disability (STD) insurance is a term you may have encountered while filling out employee paperwork when you start a job. But what exactly does it do? It provides income for someone over a short period of time if they can’t work because they’re ill or injured, have been in an accident, or are in the hospital.

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Original Article Source Credits: MoneySense, https://www.moneysense.ca

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Link to Original Article: https://www.moneysense.ca/spend/insurance/life-insurance/short-term-disability-insurance-canada