Short-Term Disability Insurance:

Short-Term Disability Insurance provides a shorter elimination period, which is the amount of time you have to wait after becoming disabled before the insurer begins to pay your benefits. Short-Term Disability Insurance replaces a portion of lost wages during the time a disability occurs.

Long-Term Disability Insurance:

Long-Term Disability Insurance has a longer elimination period. However, there is a much longer benefit period, which are the payments you receive on a monthly basis until you recover or reach the age of 65.