Disability Quiz

For those that are twenty years old today, there is a 27% chance that they will become disabled before the age of 65. 70% of employees live paycheck to paycheck, unable to absorb the cost of a disability. The Social Security disability benefit is less than $1300 a month, certainly not enough to live on these days.

The majority of individuals believe that the most common cause of a disability is an accident. The reality is that the majority of disabilities are caused by a variety of illnesses.

Around 30% of disability claims are due to musculoskeletal and connective tissue concerns. Next, at around 15%, are disability claims relating to cancer. Injury claims come in at 12%, mental issues at 8.5%, and cardio issues at 8%.

If disability insurance is not part of your financial plan, it should be. A disability may occur at any time, and the right disability insurance policy can relieve the financial worries associated with a long term disability.