Short term / long term DISABILITY

Q1. What is short-term insurance?
Short-term insurance provides temporary coverage for a specific period, usually from a few months up to a few years. It’s designed to meet immediate or transitional needs, often acting as a bridge until permanent or long-term coverage can be arranged.

Q2. What are the benefits of short-term insurance?

• Flexibility to customize coverage for immediate needs
   
• Lower premiums compared to long-term policies
   
• Coverage for specific events or risks that long-term insurance may not address
   
• Ideal for situations like job transitions, travel, or temporary gaps in standard coverage
   

Q3. What is long-term insurance?
Long-term insurance offers extended protection, lasting for years or even decades. It addresses long-term financial risks such as retirement planning, permanent disability, chronic illness, or income replacement.

Q4. What are the benefits of long-term insurance?

• Comprehensive coverage for significant risks over time
   
• Financial stability and protection for family members in case of disability or death
   
• Options for long-term care coverage or income replacement
   
• Many policies include investment or cash value components, helping build wealth and assets over time
   

Q5. When should someone choose short-term vs. long-term insurance?

• Choose short-term insurance if you need temporary, affordable coverage during a life change (e.g., between jobs, waiting for employer benefits, or traveling).
   
• Choose long-term insurance if you’re looking to protect your income, assets, or family’s future over many years, or need long-term care or retirement-focused protection.
   

Q6. Can someone have both types of insurance?
Yes. Many individuals use short-term insurance as a stopgap solution while securing long-term policies for enduring financial protection.