STD

May 8, 2007

  1. somarco
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    somarco That Medicare Expert Guy

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    I know carriers like AFLAC, Allstate, Colonial & others offer STD on PRD, but does anyone write STD on individuals?

    Looking for coverage beginning after 14 days (or longer) and running for up to 6 months (or longer).
     
    somarco, May 8, 2007
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  2. David C
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    David C Guru

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    Illinois Mutual, not 14 days, 30.
     
    David C, May 8, 2007
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  3. STIBROKER
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    STIBROKER Like My post and enter the DRAWING,,,, Moderator

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    sexually transmitted diseases....really......
     
  4. somarco
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    somarco That Medicare Expert Guy

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    Scott, I could say screw you, but I won't . . .
     
    somarco, May 8, 2007
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  5. mmb98
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    mmb98 Expert

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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.
     
    mmb98, May 8, 2007
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  6. Frank Stastny
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    Frank Stastny Guru

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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. :D
     
  7. arnguy
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    arnguy Guru

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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.:biggrin:
     
    arnguy, May 8, 2007
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  8. somarco
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    somarco That Medicare Expert Guy

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    Thx for the MoO lead.

    Assurity offers a product, but I thought it was only PRD. Haven't seen a STD plan from Assurity on an individual basis.
     
    somarco, May 8, 2007
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  9. somarco
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    somarco That Medicare Expert Guy

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    PRD = payroll deduction

    Or phallus rash disease . . .
     
    somarco, May 8, 2007
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  10. mmb98
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    mmb98 Expert

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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.
     
    mmb98, May 8, 2007
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