Disability

Your employees’ most valuable asset is their ability to earn an income. They depend on their income for the necessities of life—food, shelter and clothing. What would happen to your employee, and their family, if the employee were to suffer a disability and could no longer earn an income?

Consider the following statistics:

It happens more often than you'd imagine:

Just over 1 in 4 of today's 20 year-olds will become disabled before they retire. ₍₁₎
Over 37 million Americans are classified as disabled; about 12% of the total population. More than 50% of those disabled Americans are in their working years, from 18-64. ₍₂₎
8.8 million disabled wage earners, over 5% of U.S. workers, were receiving Social Security Disability (SSDI) benefits at the end of 2012. ₍₃₎

In December of 2012, there were over 2.5 million disabled workers in their 20s, 30s, and 40s receiving SSDI benefits. ₍₃₎

For most people, a disability means not only having difficulty their financial obligations it may also mean increased medical expenses. Some of these increased expenses aren’t covered by their health insurance plan.

Plans Available:

Short and long term disability group plans
Individual disability plans
Key person

₍₁₎ U.S. Social Security Administration, Fact Sheet February 7, 2013
₍₂₎ U.S. Census Bureau, American Community Survey, 2011
₍₃₎ U.S. Social Security Administration, Disabled Worker Beneficiary Data, December 2012

Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon when coordinated with professional advice. Information is subject to change without notice.