Disability
  
What is Disability Insurance?
  
Disability Income Insurance is insurance coverage that provides monthly payments, up to a specified amount and for a specific time period after a covered illness or injury occurs. Insurance must be purchased prior to your illness or injury. Disability Insurance provides a way to protect your income and your standard of living.
  
  • Disability Insurance protects your most valuable asset—You, and your ability to earn income. If you become disabled, you most likely will not be able to earn enough income to cover your continued living expenses.
  
Disability Income Insurance will provide monthly payments to help meet your daily living expenses.
  
Who needs disability insurance?
  
You may think the chances of becoming disabled are slim, but statistics tell a different story. Should the unforeseen injury or illness occur, be prepared and protected with a Disability Income Insurance Policy.
  
  • Each year nearly 1 in 5 people become disabled for 1 year or more before the age of 65.1
  • One in seven can expect to be disabled for five years or more.2
  • Almost half of all home foreclosures are the result of a disability. While just 3% are due to death.3
  • Nearly half of the 1 million Americans who filed for bankruptcy protection least year did so after being sidelined by an unexpected illness or injury.4
  • Nearly 70% of all disabled people that apply, are rejected for Social Security benefits.5*
  
* Social Security Disability Benefits are reserved for people totally and permanently unable to do any job. It may not cover all interruptions of income due to injury or sickness.
  
  1. McNeil, J.M. (1997) Americans With Disabilities: 1994-95, "U. S. Census Current Population Report," PP 70-61, Washington, D.C.: US Department of Commerce.
  2. Health Insurance Association of America, 2000.
  3. Housing and Home Financing Agency of the U.S. Government1998.
  4. New York Post, April 3, 2000. "There's No Insuring you Won't Go Bankrupt"
  5. Social Security Annual Statistics (1999) "Million Dollar Round Table Reference Guide, " PP6.15.1
  
 
 
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