Disability insurance is perhaps one of the most overlooked, yet valuable, products available to consumers. According to the Council for Disability Awareness, roughly 51 million working adults will have nothing but Social Security to rely upon should an injury or medical condition leave them unable to work for an extended period of time. Those who filed claims were only paid an average of around $1,200 a month. Recently released statistics show that 1 in 4 of today’s 20-year-olds will become disabled during their working years. To call this lack of additional coverage risky is an understatement. Without proper coverage, many people would drain their savings in less than three months. Compare this to the average duration for a long-term disability claim of nearly 35 months. It’s no surprise that medically-related work loss accounts for around 45% of all bankruptcy filings.
So, are you willing to roll the dice on your financial stability? Click Here to read our Disability Insurance Overview educational report or complete a Quote Request Form to receive your personalized Disability Insurance quote.