Wednesday, May 15, 2013

Protect Your Income During Your Pregnancy - And Get Paid in the Process

25% of pregnancies will experience one or more complications of pregnancy. The most common pregnancy complications include:

  • Ectopic Pregnancy - When the egg is fertilized outside the uterus

  • RH Negative Disease - The mother is Rh negative, and her child is Rh positive, and she builds antibodies against the next Rh positive baby

  • Pre-term Labor - Mother's body tries to deliver the baby before reaching full development

  • Gestational Diabetes - Mother's body does not make enough insulin

  • Spontaneous Abortion - A pregnancy that ends on its own. 10% to 20% of pregnancies end in miscarriage

Many working women are concerned about what might happen if they needed to leave work prior to delivery due to pregnancy complications. Saving up for maternity leave is difficult enough, without the extra burden of unplanned time away from the job.

Think about the consequences to you and your family if your doctor ordered you to stop working during your first trimester. Could you afford the extended time away from work? Do you really want to choose between paying your bills, and protecting your health and the health of your baby?

Short Term Disability Insurance is a great way to protect your income in case of pregnancy complications. It replaces up to 2/3 of your income during the time you are unable to work, and benefits may be payable if your pregnancy requires bed rest due to a medical reason.

Get Paid to Protect your Income

Short Term Disability Insurance can actually pay you to protect your income in case of pregnancy complications. Sound too good to be true? Well you do have to act at the right time. Read below to see how this works.

Your normal labor and delivery is a covered benefit. Short term disability covers a vaginal delivery for six weeks, and a c-section delivery for eight weeks. Your benefit for a c-section delivery may triple the premium you pay over the course of twelve months, helping you to create maternity leave income.

But your policy must begin before getting pregnant in order to be eligible for these benefits. Pregnancy is a pre-existing condition and will not be covered if you apply for coverage after you are already pregnant.

Lets suppose you purchase a policy three months before you conceive. You deliver twelve months after the policy effective date via cesarean section. Your benefit for normal delivery is three times the premium you paid, and you can use this money to fund your maternity leave. The very same policy also pays benefits for pregnancy complications. So if you needed to miss work for bed rest, you have the security of your short term disability policy.

This is how you can you can protect your income from pregnancy complications, and get maternity leave income at the same time.

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