Facts by numbers
What do the stats show?
So…what’s the solution? Disability Insurance!
What is Disability Insurance?
Ask yourself – “If I can’t work, how will I pay for ongoing living expenses?” or …. “I have coverage, but is it sufficient to replace my lost income?”
Disability insurance is put in place to cover a portion of your income if you are unable to work for an extended period of time. The most prevalent cause of disabilities is thought to be accidents, when in reality the leading cause of DI claims is mental illness (anxiety & depression).
Often times people think they are covered – through government programs such as Worker’s compensation or through an employers group plan – which is often not the case.
How does DI work?
Disability insurance replaces a portion of employee income when they can’t work because of an illness or disability. For the most part, disability insurance will not replace all of someone’s income. Instead, disability insurance provides wage replacement benefits that cover, on average, up to 60% of employee earnings.