It would be nice if life were predictable. Sadly, it’s not. You can plan and dream, but everyday situations carry the potential for life-altering consequences. A single accident could leave you and your family without income. Even for a short period, this could mean significant financial challenges for most Americans.
Short term disability insurance can provide a layer of protection – it offers peace of mind in the face of life’s unpredictability. Simply put, short term disability insurance, or STD, replaces a portion of your income while you recover from an accident or injury that has left you temporarily unable to work.
The coronavirus has been rapidly spreading across the globe. More and more cases have been appearing in new countries, with the first American infections appearing just recently. Companies have begun to implement procedures for infected and employees under quarantine, so it’s time we start to discuss what would happen in the event of a virus outbreak.
The fear is becoming more present in the US, as hospitals and medical services are preparing for a potential outbreak. As a result, the interest in disability insurance as protection for the coronavirus has spiked, so there are a lot of questions people have about it. The main two questions, though are:
First, disability insurance protects a portion of your income, if you become unable to keep working and earning as you did until that moment. By purchasing disability insurance in a coronavirus outbreak, you will be protected against your loss of income, if you are unable to go to work due to an infection and you become sick.
The second question “Is now a good time to buy disability insurance in America?” can be answered briefly – yes. Now is the ideal time as the costs of obtaining, a disability insurance policy are still the same and haven’t increased yet. If an outbreak happens, the interest for disability insurance for the coronavirus will increase.