Disability Insurance

Income Protection for when one is too sick or hurt to work.

Some Facts about Disability:

Disability is more common than you think and can happen to anyone:

• A disabling injury occurs every two seconds
• Three in 10 workers entering the work force today will become disabled before retiring
• Over 6.8 million workers are receiving Social Security Disability benefits; almost half are under age 50

Disability often keeps people out of work:

• An illness or accident will keep 1 in 5 workers out of work for at least a year during their working careers
• One in 7 workers can expect to be disabled for five years or more before retirement
• The average long-term disability absence lasts 2.5 years

Disability can cause financial hardship:

• Two-thirds of American families live from paycheck to paycheck
• Unexpected illnesses and injuries cause 350,000 personal bankruptcies each year
• Disability causes nearly 50% of all mortgage foreclosures, 2% are caused by death

Social Security and Workers' Compensation may not be adequate:

• Over 90% of disabling accidents and illnesses are not work related
• The average monthly Social Security Disability Insurance (SSDI) benefit is $978
• Less than half - 39% - of the 2.1 million workers who applied for SSDI benefits in 2005 were approved

Most American workers are not covered by disability insurance:

• Over 100 million workers do not have private disability income insurance
• 70% of the private sector workforce has no long-term disability insurance