Disability Benefits
You probably have insurance for your car or home, but what about the source of income that pays for it? You rely on your paycheck for so many things, but what if you were suddenly unable to work due to an accident or illness? How will you put food on the table, pay your mortgage or heat your home? Disability insurance can help replace lost income and make a difficult time a little easier. Nordea Bank provides 100% salary continuation while on approved short-term disability.
Short-Term Disability
Long-Term Disability
70% of salary to maximum $2,000/week
60% of total earning to maximum $20,000/month
Coverage Amount
Maximum payment period: Maximum length of time you can receive disability benefits.
To age 65, standard ADEA
25 weeks
Accident benefits begin: The length of time you must be disabled before benefits begin.
Day 8
Day 181
Illness benefits begin: The length of time you must be disabled before benefits begin.
Day 8
Day 181
Minimum work hours/week: Minimum number of hours you must regularly work each week to be eligible for coverage.
30
30
18
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