Level Up Your Safety Net: Why Self-Employed People Need Short-Term Disability Insurance

November 18, 2021

Let us start by saying that we hope that you never need any short-term disability. However, the reality is that 30% of all employed people experience some form of disability that impacts their ability to work.  

This is exactly what happened to Alexa, a freelance writer. Earlier this year, she had a shoulder operation to treat a sports injury. She expected to be out of commission for about two to three weeks and had planned her finances accordingly.

Post-operation, all was going well, so she resumed work. But, just a few days into a new writing assignment, Alexa found herself in excruciating pain. Typing at a keyboard was a non-starter. She tried using a dictation software, but this approach required quite a bit of editing. Ultimately, her doctor told her to pause and stop work entirely. If she didn’t focus exclusively on recovery, she risked doing permanent damage to her shoulder.

Two months passed before she was cleared by a doctor to work. We independent workers know that when you don’t work, you’re not earning. This is what happened to Alexa. Luckily, she was able to dip into her savings to carry her through this period.  

But what happens if you don’t have enough savings in the bank? Getting sick or injured can quickly become a financial catastrophe. It can also pressure you to go back to work before you’ve fully recovered.

This is what happened to George, a freelance software developer. Just one month after having a heart attack and open-heart surgery, George was back consulting full-time. He was worried about paying his mortgage and caring for his family.  

For both Alexa and George, short-term disability insurance could have provided a much-needed financial stability. Short-term disability insurance provides you with income replacement in case an illness or injury prevents you from working. This way, you can focus on getting better and taking care of yourself.  

Interested in learning more? Venteur is pleased to partner with Aflac to offer short-term disability plans for self-employed individuals. Log-in to our app to learn more about what’s covered and how much it costs information. Plans start for as little as $26 per month.  

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