The sound of the word "Aflac" makes all minds go to the commercial with the duck. There's no doubt that Aflac's advertising has made many people familiar with its line of insurance products. Short-term disability insurance is the answer when a household can't afford to have one of the breadwinners off work or without a paycheck.
Identification
The name of the short-term disability policy with Aflac is the Personal Disability Income Protector.
Elimination Period
Aflac short-term disability has an elimination period up front. This is the number of days of disability before the company pays. You select the one that's best for your situation. The elimination periods are 0/7, 0/14 and 7/14. The first number is for accident disability and the second is sickness.
Benefit Period and Amount
The longest payment of benefits is 3 months. If you are sick or injured, the coverage is for 1/30th of the monthly benefit. Monthly benefits range from $500 to $5,000, based on your income.
Definition
Definition of disability is the inability to perform the material and substantial duties of your job, be under the care of a physician and receive less than 80 percent of your normal pay.
Maternity
The policy covers disability due to childbirth like any illness, once you've had the policy 10 months. You can't get more than 6 weeks of payment for non-C-section delivery and 8 weeks of payment for C-section delivery.
Considerations
You have to buy the plan through your employer. Once you have it, however, you can continue the policy even if you leave your employer.
Tags: short-term disability, weeks payment, your employer
