There is no greater time than the present to raise awareness about the probability of disabilities, as well as the need for disability insurance. While most people say, “disability won’t happen to me,” it’s actually more common than you think.
The truth is – there is no one that is too healthy or too young to become disabled.
Here are the facts (according to Ohio National Financial Services):
- More than one in four of today’s 20-year-olds will become disabled before they reach age 67. (Source: U.S. Social Security Administration Fact Sheet, 2019)
- Illnesses – not accidents – are the cause of 90% of disabilities. (Source: Council for Disability Awareness, 2014)
- Only 50% of American adults indicate they have enough savings to cover three months of living expenses in the event they’re not earning any income (Federal Reserve, Report on the Economic Well-Being of U.S. Households in 2018 (PDF), page 22)
- Just 20% of American consumers report having disability insurance, leaving the other 74% without it. (Source: Life Happens and LIMRA, 2019 Insurance Barometer Study)
- One in eight workers will be disabled for five years or more during their working careers. (Source: Council for Disability Awareness, 2013)
- The average disability payment from the government is less than $1,200. (Source: U.S. Social Security Administration, October 2018)
Life always seems to go a million miles a minute…until it doesn’t. In the event of a short-term or long-term disability, could you or your family survive without a paycheck? What type of sacrifices would you be willing to make? Would you be willing to make a lifestyle change in the middle of a life event?
It’s time to protect your income.
Don’t fret the conversation. Preparing for these difficult life changes will actually help you and your family rest easier.
Let’s get connected. Please complete the form below and let me know the best way and time to reach you.