Aflac Short Term Disability Insurance
Although Aflac insurance is available for individuals as well as for group coverage, Aflac short term disability insurance is only available through a group policy that is deducted from your payroll. If you are covered under Aflac insurance at your place of employment, this may be something you would want to seriously consider. If your employer does not carry Aflac insurance then you might want to suggest the possibility of offering Aflac as in addition to health and life insurance currently available. Aflac is not health insurance but rather coverages that can supplement health insurance such as accident, death, critical illness, disability and whole life.
Interesting Facts about Aflac Insurance
Before discussing the benefits of Aflac short term disability insurance, it might be nice to know a few interesting facts about the company itself. In 2011 Aflac was listed as one of the world’s most ethical companies by ethisphere.com and Fortune Magazine listed Aflac as one of the Top 100 companies to work for in the very same year. Aflac is heavily involved in philanthropic activities and is heavily into the fight against pediatric cancer. There are more than 50 million Aflac customers around the world.
What is Aflac Short Term Disability Insurance?
Whenever you are ill or injured and will be unable to work for a given period of time, Aflac short term disability insurance can provide income during your convalescence. The illness or injury must be certified by a physician and the length of time you will be unable to work must be finite. In other words, the disability that prevents you from working must be temporary. Permanent disability is another matter altogether.
Choosing Aflac Short Term Disability Insurance Benefits
You can actually tailor your Aflac policy to meet your own requirements. For instance, the first thing you would want to seriously consider is how much you can afford to have deducted from your paycheck each week. Only choose a plan that you feel you can afford based on your income requirements. Also, take into consideration the amount of money (benefits) you will need to live on should you become temporarily disabled. Then it would be a good idea to figure how long you ‘might’ need those benefits to be paid and of course how many days you think you might want to look at before benefits begin (waiting period).
Who Can Benefit from Short Term Disability?
Unfortunately, too few people actually plan for the eventuality of becoming injured or ill to the point of being out of work for a substantial amount of time. The fact is that most people will, at one point or another, either get injured or become sick enough to be out of work for a period of time greater than one month. Because of this, anyone can benefit from carrying Aflac short term disability insurance. In fact, short term disability insurance can even compensate for lost wages when parents are out of work due to planned pregnancies! That, in itself, is an amazing benefit to have.
If you are lucky enough to work for an employer who offers group Aflac short term disability insurance then you should seriously consider looking at your various options. No one knows when disaster may strike precipitating being out of work for an extended period of time. One or two weeks is puts enough strain on the family budget, but taking off a month, two or even three might place you in financial ruin. Short term disability provides income until you can get back on your feet to resume your duties at work. If your employer does not offer Aflac Short Term Disability Insurance, try placing a note in the suggestion box or sending a quick email. This particular coverage is only available through payroll deduction.