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Short Term Disability Anoka MN

Short-term disability insurance is your stop gap insurance in case of accident or illness that leaves you unable to work. It provides a percentage of your salary.

Roger Mathwig
2324 Rivendell Lane
Minnetonka, MN
Company
Title: Financial Advisor
Company: Mathwig Insurance Agency
Years Experience
Years Experience: 50
Service
401k Rollover From Employer,CD Alternative,Disability Insurance,Annuities,Commission-Only Financial Planning (Full Disclosure),Estate Tax Planning,Asset Protection Strategies & Planning,Life Settlements,Income for Life/ Preserve Principal,Medicaid,Life Insurance,Long-Term Health Care Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,IRA, 401k, Roth IRA, QDRO Rollovers,Medicare Planning,Health Care Insurance,Retirement Planning,Annuity Ideas & Strategy Pl

Data Provided by:
Terry Nelson, CFP MS
1957 Lake Street
Roseville, MN
Company
Title: CFP, Investment Advisor
Company: Hometown Financial Planning
Type
Registered Investor: Yes
Education
College for Financial Planning - Masters Degree
MSU - BA in Finance
Eau Claire - Law Enforcement
Years Experience
Years Experience: 24
Service
Annuity Ideas & Strategy Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Fee-Only Comprehensive Financial Planning,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Medicare Planning,Life Insurance,Investment & Portfolio Management,Investment Consulting & Allocation Design,Planning For Personal Finances & Budgeting,Asset Protection Strategies & Planning,Hourly Financial Planning Engagements,401k Rollover From Employer,Income for Life/ Preserve Princip

Data Provided by:
Lisa Schurhammer
1700 2nd Ave No
Sauk Rapids, MN
Company
Title: President
Company: Retirement America, LLC
Type
Investment Advisor Rep: Yes
Service
Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Asset Protection Strategies & Planning,Hourly Financial Planning Engagements,Medicare Planning,Retirement Planning,Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Insurance & Risk Management Planning,Retirement Income Accumulation Planning,Individual Income Tax Planning,Wealth Management,Annuities,Alterna

Data Provided by:
Metroeast Program for Health
(651) 641-1585
2610 University Ave W
St. Paul, MN
 
M & M Insurance Broker
(651) 895-2589
29850 Haileys Court
Chisago City, MN
 
Nathan Running
4021 Vernon Ave South
Saint Louis Park, MN
Company
Title: Wealth Advisor
Company: Running Wealth Management, Inc.
Type
Investment Advisor Rep: Yes
Education
Montana State University, BS Business Management and Economics
Years Experience
Years Experience: 12
Service
Life Insurance,Investment & Portfolio Management,Investment Consulting & Allocation Design,Business Succession & Liquidation Planning,Retirement Income Distribution Planning,Individual Income Tax Planning,Disability Insurance,Retirement Planning,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Fee-Only Comprehensive Financial Planning,Medicare Planning,Annuities,Alternative Asset Class Planning,Commission-Only Financial P

Data Provided by:
R. Brook Hansen
11132 Commerce Lane North
Champlin, MN
Company
Title: CLU ChFC AEP
Company: Select Client Services
Type
Investment Advisor Rep: Yes
Education
American College of Financial Services
Years Experience
Years Experience: 15
Service
Pension for Highly Compensated Owners,Stock Market Alternative,Wealth Management,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Life Settlements,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Disability Insurance,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Accumulation Planning,4

Data Provided by:
Vibha Life
(952) 892-7787
10621 165th Street W.
Lakeville, MN
 
American Family Insurance-Lawrence Tan Agency
(651) 735-1284
1103 Weir Dr Suite 550
St. Paul, MN
 
Signature Employee Benefits
(218) 390-7877
1346 W Arrowhead Rd
Duluth, MN
 
Data Provided by:

Short Term Disability

Provided By: 

Short Term Disability

Most employers will provide some kind of short-term disability insurance. Short-term disability insurance is your stop gap insurance in case of accident or illness that leaves you unable to work. It provides a percentage of your salary (normally between 50 and 60 %) for a period of six months or less. If you require disability for longer than six months, because of a more serious illness or longer convalescence, then you will need long-term disability in addition to your short-term coverage.

Your biggest potential challenge is that the level of insurance coverage may not be sufficient and you need to find that out before you have a problem. Most employers have insurance to cover a short-term sick leave. It only makes sense your employer wants you back and wants you to be able to manage while you are sick. Some states even require employers to provide disability benefit's for a full 26 weeks, but that's where the employers obligation ends. However, the percentage of your salary that is provided, the length of coverage and the number of weeks that you have to wait before benefit's kick in can all make a difference to your familys financial security while you are sick or incapacitated. It's important to know the details of any short-term disability that your employer provides.

Also, you should know if your employer takes into account other disability programs, like Social Security. If they do, your disability pay could be even lower. Another problem is that you can't depend on actually receiving any benefit's from Social Security given today's tougher rules to qualify, even though the possibility of those benefit's may have reduced the benefit that you can receive from your short-term disability insurance.

You might think that short-term disability is a waste of your money. You could be wrong. While most of us carry some level of life insurance, you have only a 14 percent chance of dying between 40 and 65. However, in the same age...

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