Disability

Employees have at least a 35% greater need for disability insurance than for life insurance - between now and age 65*. Descriptive statistics indicate that it is much more probable that an employee will become disabled for as much as a two to five year period, between age 19 and age 65, we work to offer protection for this dangerous situation. There are very valuable combination programs where we can arrange for both short term disability and long term disability on both an employer paid and a voluntary (individual) basis.

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A look at the odds
Statistically, your risk of being disabled is great. In a given year, the following events occur with the following frequency:

A further look at disability statistics reveals the following:

• A 30-year-old man has a one in five chance of suffering a long-term disability before his planned retirement.
• A 30-year-old woman has a one in three chance of suffering a long-term disability before her planned retirement.
• Roughly 50 percent of people who suffer disabilities lasting longer than six months remain disabled after five years.
• Heart disease and back problems are the two most common causes of disability.
• More people lose their homes through disability than through fire or death.
• One in seven employees will be disabled for five years or more before retirement

As these statistics show, your chances of being disabled for longer than three months are much greater than your chances of dying prematurely. One reason for this is that medicine has found ways of treating many illnesses and injuries that previously would have been fatal. Although this is good news, it increases your need to protect your income with disability insurance.

From Insurance.com web site article on "Why You Need Disability Insurance".