STD
- Thread starter somarco
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Mutual of Omaha is the only one that I know of that offers a true individual short-term disability product. The shortest elimination period is 14 days and the shortest benefit period is 6 months. The premiums can be a bit more and the monthly benefit a bit less when comparing to a 30 day eliminations period and a 2 yr benefit. I tell my clients that they will usually get a better deal if, and that is a big if, they can wait the extra 16 days and choose a 30 day elimination period.
Also, I know Assurity has a 1 yr benefit period with a 30 day elimination period.
If anybody knows of any other please let me know too.
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Scott,
I don't care what they say, now that is funny. What else is it that Larry the Cable guy says?
There is an inherent danger in using acronyms.
I don't care what they say, now that is funny. What else is it that Larry the Cable guy says?
There is an inherent danger in using acronyms.
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Geez, Somarco, I also thought you were referring to sexually transmitted disease. But for the life of me, I can't figure out what PRD means.
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Well, I don't think they call it a STD plan, but you can run a quote with a 30 day elimination period with only a 1 yr benefit.
I really don't like using a 1 yr benefit period, but it sure beats having nothing at all. Also, this type of plan is usually a bit less expensive for the client and offers a larger monthly benefit, compared to using Mutual of Omaha's 14 day elimination plan witha 6 month benefit.
I have used this with a few clients who need something for an income replacement plan if they get sick or hurt and can't work, but can't afford the premiums for a 5 yr or to age 65 benefit period.
