PERSONAL INSURANCE

Disability

DISABILITY

What would happen if you became sick or injured, were unable to work and could no longer earn a paycheck?  Nobody expects to become disabled, but the statistics are surprising:

  1. Just over 1 in 4 people in their 20’s today will become disabled before they retire.1
  2. Illnesses cause far more disabilities than accidents do.2
  3. Forty-three percent of approved new claims for disability insurance in 2012 were for people younger than 50, with 54% of approved claims for women. 2

 

Sources:
1.  U.S. Social Security Administration Fact Sheet, February 7, 2013
2.  Council for Disability Awareness, 2013 Long-Term Disability Claims Review

Close the Executive Benefit Gap
Disability coverage provided by employers is often a great, cost-effective way to protect against disability.  Individual disability adds to that coverage in a number of ways. Most group policies pay 60% up to a $5,000 monthly cap.  This means those making more than $100, 000 annually are not getting 60% of their income replaced if they become disabled.  Individual Disability closes the gap.

THE BEST SOLUTION FOR YOU BEGINS WITH A CONVERSATION

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Send us a message or ask us any questions. We are here to help and would love to hear from you.

info@MacDonaldConsultants.com