Based on a report by the Council for Disability Awareness, just over 1 in 4 of today’s 20 year olds will become disabled before they retire. With over 37 million American classified as disabled, about 12% of the total population, and 50% of those are between the ages of 18-64 years old.
The report goes on to say illnesses like cancer, Heart Attack, or diabetes cause the majority of long term disabilities. But back pain, injuries, and arthritis are also significant contributors to disability. The average length of a long term disability lasts 34.6 months. Even if you qualify for Social Security disability, will that benefit be enough to pay your everyday living expenses? Probably not.
Talk with us about how you can provide your employees a very affordable long term disability Insurance plan that can pay monthly benefits all the way up to the employees normal Social Security Retirement Age ( SSNRA).
Learn More about the chances of having a long term disability at www.disabilitycanhappen.org.