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Please compare and contrast short-term and long-term disability income plans.

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Please compare and contrast short-term and long-term disability income plans.

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A short-term disability income plan pays a percentage of the insured's income for a short period of time. The percentage it pays can then be used at the discretion of the insured, for living expenses, medical bills, and other costs. Coverage from a short-term disability income plan begins anywhere from one day to two weeks after the person becomes injured or disabled, and lasts for a specified time period. Short-term disability income plans ...

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