- Posted by Laura Martin
- On May 28, 2020
May is Disability Insurance Awareness Month. Kistler Tiffany Benefits wants to raise awareness about the importance of income protection.
Millions of working Americans are facing a growing crisis: a lack of adequate disability insurance coverage. Today, the absence of emergency savings, rising medical costs, and an overall trend of fewer employers offering benefits to workers has created a critical blind spot for many American workers and their families. Without some kind of income protection, more Americans are experiencing severe financial difficulty if they need to miss work due to illness, injury or pregnancy.
You, disabled? What are your chances?
Higher than you probably think. You can ignore the problem, but it is hard to ignore the facts:
- Just over 1 in 4 of today’s 20 year-olds will become disabled before they retire.
- Accidents are NOT usually the culprit. Back injuries, cancer, heart disease and other illnesses cause the majority of long-term absences.
Are you prepared if it happens to you? Probably not. If you are like most Americans, you do not have disability insurance…..or enough emergency savings to last 34.6 months. Yes, that is the duration of the average long-term disability claim.
If you become disabled, will you be ready? Or will you and your loved ones face serious financial hardship, possibly foreclosure and even bankruptcy? Good news…Kistler Tiffany Benefits can help you prepare for disability the same way you plan for other emergencies.
Get in touch! We love talking to employers about adding even more value to your benefit package! Email firstname.lastname@example.org or call 484-321-5752.