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:
- Just over 1 in 4 people in their 20’s today will become disabled before they retire.1
- Illnesses cause far more disabilities than accidents do.2
- 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
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.