What Would Happen If You Suddenly Stopped Working?
Posted by: BeamaLife Editor on 22 Nov, 2008
• Workers today are 3 times more likely to suffer a long-term disability than die during their working years.
• The average monthly Social Security Disability Income (SSDI) payment is $938, replacing on average, about 33% of current income.
• 32% of individuals receiving long-term disability insurance benefits do not qualify for SSDI benefits; 95% are not eligible for workers compensation.
• Two-thirds of American families live paycheck to paycheck; 70% of families can afford to be without a paycheck for one month or less.
• Disability is the leading cause of personal bankruptcies and causes nearly 50% of all mortgage foreclosures, compared to 2% by death.
(Source: The Council of Disability, The Long Term Disability Claims Review – 2005)
Think of disability income insurance as a strategy that can provide financial protection to help cover your expenses today if you become disabled and can’t work. Please call (877) 972 -3262 to speak with disability specialist or complete this disability insurance quote request from now.
