Dakota Capital Group Short-Term Disability Insurance Overview
What is Short-Term Disability Insurance?
Short-term disability insurance effectively replaces part of an employee’s income if they are unable to work because of an illness or accident. The benefit typically pays the employee between 60 to 66.6% of their employee’s salary.
Benefits typically become effective 1 to 21 days after an illness or accident occurs, and may continue for 13 to 26 weeks. Premiums for a short-term disability policy can be paid by either the employer or the employee.
If you can help protect your employees’ incomes, you’re also protecting your investment in them. Short-term disability insurance helps employee security and loyalty, and improves satisfaction at work.
These are some examples of conditions that may qualify an employee for short-term disability benefits:
- Recovery from surgery
- Birth of a child
- Mental health issues
- Grow employee loyalty, morale and productivity
- Reduce turnover, saving money in recruitment and training
- Provide peace of mind to employees and their families
- Available to companies with as few as three employees
- Federal income-tax deductible premiums if paid by the employer
With 50% of all personal bankruptcies and mortgage foreclosures attributed to debilitating injuries and illnesses,* and 90% of disabling accidents not being work-related,* providing short-term disability insurance provides key benefits to your employees, including:
- Valuable protection provided at a low group rate
- Protect their financial security until they may return to work
- Covers maternity
- Quick & simple enrollment process
- Guaranteed acceptance during initial enrollment
*Sources: Trusted Choice, LIMRA
Why Choose Dakota Capital?
We put service first, and are committed to being there when you and your employees need us most. We have an elite service team ready to help with your needs and questions.
Getting Set Up is Simple and Affordable.
Begin the process of getting a proposal today. You’ll be surprised just how affordable and comprehensive Dakota Capital insurance really is.