We are not getting any younger, but even age doesn't limit the potential to become disabled by an injury or accident. Our physical and financial responsibilities for ourselves and families can be seriously affected if we were unable to continue working, whether for a short period of time or for forever.
Did you know that:
- Over 25% of 20-year-olds will become disabled during their working years;
- The average individual disability claim lasts 31.6 months;
- For one in eight workers, their disability will last for five years or more;
- Thirty-eight percent of workers surveyed could not pay their bills for more than three months without a regular income;
- Sixty-one percent of surveyed workers are personally aware of someone who was out of work for at least three months or longer due to disability;
- Sixty-eight percent of Americans have no savings earmarked for emergencies?
- Yet nearly 70% of private sector workers have no long-term disability protection. And since less than 5% of all disabling illnesses or accidents are work-related, workers compensation is typically not a solution.
- If your employer is not currently providing adequate disability income protection or you are self-employed, now is the time to look into purchasing an individual disability income policy.
RELATED: Read How Many Working Americans have Private Disability Insurance Coverage?
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