People are much more likely to insure the things they buy with their paycheck than the paycheck itself. New car? Insurance—check. New home? Insurance—check. New boat? Insurance—check. But few people ask themselves what would happen if that paycheck that pays for the car and house and boat suddenly vanished because you were sidelined from work due to a disabling illness or accident. That’s where disability insurance comes in. It provides an income until you’re able to return to work and earn that paycheck again.
May is Disability Insurance Awareness Month, so help spread the word about disabilities and the importance of disability insurance. Below are statistics and information that are “tweetable,” meaning you can share them simply by clicking on the fact you’d like to tweet and the tweet will be generated for you. And be sure to follow us on Twitter at @LIFE_Foundation.
1 in 4 workers would struggle with $$$ immediately if they were disabled and couldn’t work. http://lifehap.pn/166Vzce #DIstat
(Source: The Disability Survey conducted by Kelton Reseach on behalf of the LIFE Foundation, April 2012)
Only 31% of workers have long-term disability insurance to help them if they can’t work. http://lifehap.pn/166Vzce #DIstat
(Source: LIFE and LIMRA “Insurance Barometer Study,” 2012)
Can you live on $1,111 a month? That’s the avg disability payment from Social Security. http://lifehap.pn/166Vzce #DIstat
(Source: Social Security Administration)
Illness causes 9/10 disabilities! ALL workers need disability insurance, regardless of job. http://lifehap.pn/166Vzce #DIstat
(Source: Council for Disability Awareness, Long-Term Disability Claims Review, 2010)
Many young adults worry about money, but the clear majority don’t have disability insurance. http://lifehap.pn/166Vzce #DIstat
(Source: LearnVest/Guardian White, LIFE AND DISABILITY INSURANCE: WHAT 20-AND 30-SOMETHINGS THINK, 2013)
35% of young adults have disability insurance, compared with 57% who have life insurance. http://lifehap.pn/166Vzce #DIstat
(Source: LearnVest/Guardian White, LIFE AND DISABILITY INSURANCE: WHAT 20-AND 30-SOMETHINGS THINK, 2013)
1 in 4 of today’s 20 year-olds will become disabled before they retire. Start defending your income
http://lifehap.pn/1013svq #DIstat
(Social Security Administration, Basic Facts, Feb. 7, 2013)
Yikes: 21% of young adults say they don’t have disability insurance because their jobs aren’t physical. http://lifehap.pn/166Vzce #DIstat
(Source: LearnVest/Guardian White, LIFE AND DISABILITY INSURANCE: WHAT 20-AND 30-SOMETHINGS THINK, 2013)
