As we continue to navigate the pandemic, it’s more important than ever to protect your clients with disability income protection.
A recent report from Unum underscores the value of paycheck protection throughout the pandemic.
The charts and graphs below paint a vivid picture for you and your clients of the increase in pandemic-related short term disability claims and leave requests.
COVID-19 leave requests and Short Term Disability volumes by month
A dip in the number of claims and requests late in the month reflects the Christmas holidays.
As a percentage, pandemic-related activity grew somewhat compared to November, reaching 28% of all STD claims and leave requests — a level not seen since mid-April.
COVID-19 vs. non-COVID-19 leave requests and Short Term Disability claims
According to the Centers for Disease Control and Prevention (CDC), new U.S. virus cases hit a record level on January 2, just at the end of our measurement period. STD claims and leave requests typically lag somewhat behind new cases, so we anticipate that our pandemic-related activity may rise again next month.
Even as vaccinations become available, experts warn the pandemic will likely get worse before it gets better.
Unlike some illnesses and injuries, everyone has been impacted by coronavirus. There has never been a better time to introduce disability income protection to your clients.
Not your main book of business. No worries. Source Brokerage DI specialists help you every step of the way.
Contact Steve Crowe at ext. 222, Alyssa Sollenberger at ext. 235, Destinee Myers at ext. 234, Brian Hettmansperger at ext. 230, Chris Bussey at ext. 220, or request a quote.