Income Security in Tough Times
Besides life insurance, the other no-brainer benefit that employers should offer is disability insurance. Actually, there are really two varieties:
Short-term disability insurance provides disability coverage by replacing workers who must be off the job temporarily due to a medical condition-short-term illness or injury. Payments are a percentage of salary for the recovery period.
This avails long-term disability insurance that can work for a relatively long time in cases of more serious medical conditions or conditions requiring a lot of time for recovery. For such purposes, the income of the employee should not be stopped for such periods.
In other words, it is needed for working people who earn for subsistence and offers a proof in front of them that the corporation cares about their financial well-being.