If
you take a close look at what disability insurance stands for, it is clear to
see that it is an amazing policy for employees. Not only does it protect the
business and business owners, it also helps bears the risk of the employees. As
benevolent as this policy may seem, there are also some gaps that arise in the
policy. If not properly understood, these gaps could cause a devastating effect
on the employee.
Disabilityinsurance pays a part of the salary of employees to them if they are involved
in work related injuries. This means as long as they are away from work, they
still get to receive a portion of the salary. What most people don’t realize is
the fact that a part of your salary may not really be
significant to cater for your needs. The policy could pay as high as 60% of
your salary but this would only be meaningful if your salary is large.
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