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