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  • Home
  • About Us
  • Services
    • Personal Services >
      • Life Insurance
      • Long Term Care Insurance
      • Disability Income Insurance
      • Medicare
      • Medical & Dental Insurance
      • Annuities
      • Retirement Planning
      • Estate Planning
      • Identity Theft Protection
      • International Medical Insurance
      • Travel Insurance
      • Critical Illness Plans
    • Corporate Benefits >
      • Group Health, Dental & Vision Insurance
      • Group Life & Disability Insurance
      • Cafeteria Plans (sec. 125)
      • COBRA / HIPAA / Human Resource Services
      • Group Long Term Care Insurance Plans
    • Business Continuity & Planning >
      • Key Person Insurance
      • Business Overhead Insurance
      • Business Buy Sell Agreements
      • Executive Disability Insurance
    • Needs Analysis
  • Companies We Represent
  • Request a Quote
  • Testimonials
  • Contact Us

Articles & Resources

The Value of Disability Insurance

10/25/2011

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The need for disability insurance exists as only 32% of civilian wage earners are covered by group long-term disability insurance.  71% of American households consume 100% or more (through credit cards and debt) of their paycheck each month.  90% of disabilities are not caused by work-related injuries or conditions with the most common causes being cancer, complications of ​​pregnancy, back injuries, stroke and neurological disorders.
More than a quarter of working Americans say they would have trouble supporting themselves financially, ‘immediately’ following a disability that keeps them out of work while nearly half would not have resources to carry them beyond the first month of income loss.
You cannot depend on Social Security Disability Insurance for your long term disability protection as approximately 70% of first-time applicants for benefits under this federal program are denied.  There are four layers of appeal and the typical waiting period is longer than 880 days.


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