Disability Insurance - Why is it Necessary?

IF YOU BECOME DISABLED, HOW WOULD YOU MYTH FACT Will worker's compensation cover the loss caused due to my disability ?? The employment rate for people with disabilities was 38.1% in 2010, roughly half of that for people with disabilities Pay your bills? Make your car payments ? Buy your groceries? Worker's compensation replaces lost income if an injury or illness occurs on the job, but fewer than 5% of DISABILITY INSURANCE disabling accidents and illnesses are work-related. Most Aa ($> (90%) of long-term disability claims are for illnesses, not accidents. WHY IS IT NECESSARY? Provide for your SO IT IS PREFERRED TO TAKE DISABILITY INSURANCE ! Make your monthly rent or mortgage loan payments? children's education? EMPLOYMENT STATUS FOR ADULTS 21 TO 60 YEARS OLD Disabilities can occur at any time. Protect a portion of your income and provide financial protection with DISABILITY INSURANCE INSURE YOURSELF NOW! 19.9% 14.8% 54.8% 9.1% WITH DISABILITY INSURANCE A 68 American employees live from paycheck to paycheck, without enough savings to cushion the financial impact a disability 61.1% 8.3% PERSON CAN GET FINANCIAL AID IN Just over 1 in 4 of today's 20 year-olds will become disabled before they retire. may cause ! Nearly everyone is likely to experience a form of disability at some point during their lifetime due to illness accident or ageing. Better Medical Housing Benefit Financial Social Equality Coverage Supplements Not employed for a spell of 12 or more months Employed all 24 months 11% 2013 DISABILITY CLAIM BY DIAGNOSIS 49.9% 23% Soure :http://www.massmutual.com/efiles/di/pdfs/dioosk pdf 14.1% 9.2% 11% Musculoskeletal/ Connective Tissue 28.5% No disability Injury Cancer 14.6% Cancer Nonsevere disability Cardiovascular/ Circulatory 8.2% Forms of disabilities Nervous System people experience Nervous System Related Severe disability 7.2% 13% Other 1,54,000 Injuries & Accidents 10.6% Mental Disorder Musculoskeletal Maternity Related 6.6% Total LTD Claims Not employed all 24 months 22% Mental Disorder/ Psychiatric 8.9% accuQuote Sources: Other 15.4% http://www.disabilitycanhappen.org/research/CDA_LTD_Claims_Survey_2013.pdf http://www.census.gov/prod/2012pubs/p70-131.pdf http://www.stanford.edu'group/scspi/_images/facts/fact14.jpg http://www.disabilityfunders.org/disability-stats-and-facts 20% 0% 10% 15% 20% 25% 30% saving you money for life"