Often we field questions on Disability Insurance. This isn’t exactly on the front burner of many individuals but it should be discussed due to the frequency of claims. You are more likely to be disabled than to have other accidents happen that are more likely to be insured.  Below are some interesting and scary statistics:

  • Three in 10 workers entering the work force today will become disabled before retiring.
  •  Social Security Administration, Fact Sheet January 31, 2007
  • An illness or accident will keep 1 in 5 workers out of work for at least a year before the age of 65.
  • Life and Health Insurance Foundation for Education, November 2005

A recent industry article educated the industry on the odds of a disability event, the length of time it may take, the amount of money someone may need and what could happen if something happened and the person did not have insurance – check out the article for more info:

http://www.iamagazine.com/Magazine/2013/March/Educate-Clients-About-Disability-Risk.aspx