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Insurance Glossary

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Short-Term Disability
Short-term disability is insurance that provides benefits, often as a portion of salary, during a period of short-term disability as defined by the insurance company offering the benefits package. Also referred to as weekly indemnity.
Spouse
A spouse is the individual term for either a man or woman who are legally married or have been living with in a common-law arrangement. Common-law spouses are opposite gender partners who have openly resided together for at least 12 months.
Survivorship Clause
Survivorship is a stipulation requiring that the beneficiary survive the owner of the benefits package a set amount of time in order to receive the benefits.

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