Many Americans are not protected from the loss of income if sickness or injury prevents them from earning a living.  The Council for Disability Awareness website, disabilitycanhappen.org, has published facts and statistics from studies supporting that statement.  Consider:

• Over 1 in 4 of today’s 20-year-olds will become disabled before they retire.

• Over 37 million Americans are classified as disabled—that’s about 12% of the population.

• 65% of initial Social Security Disability Insurance (SSDI) applications were denied in 2012.

• 8.8 million disabled U.S. wage earners, over 5% of U.S. workers,  were receiving SSDI benefits at the end of 2012.

• The average monthly benefit paid by Social Security Disability Insurance was $1130 per month at the end of 2012.

• Approximately 90% of disabilities are caused by illnesses rather than accidents.

• Nearly 95% of disabilities are not work-related and therefore do not qualify for workers’ compensation benefits.

• The average individual long-term disability claim lasts for 31.6 months.

• One hundred million Americans are not protected by private disability insurance.

 

Are you protected against the loss of income due to sickness or injury?

 

All credit to Farm Family for the content contained in this article.