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disability insurance myths
These 5 myths could leave you paying a lot more for disability insurance or cause you to become ineligible altogether.  more...

 

Disability Insurance Statistics & Facts


As the old adage goes, "Numbers Don't Lie"!  Statistics help point out just how valuable disability insurance is, especially given the high odds of becoming disabled versus being killed at every age under 65.

  • One-third of all Americans between 35 and 65 will suffer a disability that will keep them out of work for more than 90 days.  (American Council of Life Insurers)
  • Almost 3 in 10 of today’s 20 year-olds will become disabled before reaching age 67.  (Social Security Basic Facts, 2004)
  • Thirty-year-old women have a 57% chance of becoming disabled before reaching 65 but only a 16% chance of dying.  (Conning Research 2002)
  • A fatal injury occurs every 5 minutes.  A disabling injury occurs every 1.5 seconds.  (National Safety Council, Injury Facts, 2001/2002)
  • There is a death caused by a motor vehicle crash every 12 minutes. There is a disabling injury every 14 seconds.  (National Safety Council, Injury Facts, 2003)
  • Income lost through disability is 2 times as great as auto accident losses, and 3 times as great as fire losses.  (National Safety Council, 2003 )
  • A person in the U.S. has a greater risk of disability than death at every age between 20 and 65.  (American Society of Actuaries)
  • Chances are 1 in 2 that a 30 year old will be disabled for more than three months before age 65.  (American Society of Actuaries)
  • Before age 65, if a disability lasts 90 days, it is expected to last an average of 2-1/2 years.  (Commissioner's Disability Table)
  • 80% of U.S. workers will exhaust their savings in only two months without the ability to earn an income.  (Commissioner's Disability Table)
  • For 30-year-old males, the risk of a long-term disability is 4.1 times more likely than the risk of death.  For 40-year-olds, it is 2.9 times more likely.  And at age 50, it is 2.2 times more likely.  (National Safety Council, 2003 )
  • Every year, 12% of the adult U.S. population suffers a long-term disability.  (National Association of Insurance Commissioners )
  • One out of every seven workers will suffer a five-year or longer period of disability before age 65.  (National Association of Insurance Commissioners )
  • At age 35, you have a 50% chance of experiencing a disability of 3 months or longer before age 65.  At 45, the figure is 44%.  (National Association of Insurance Commissioners )
  • The leading causes of long-term and short-term disability:

    Long-Term
    Cancer13%
    Pregnancy - Complications12%
    Back11%
    Cardiovascular9%
    Depression5%
    		 
    Short-Term
    Pregnancy - Normal20%
    Pregnancy - Complications9%
    Injuries (excl Back)9%
    Back8%
    Digestive / Intestinal8%
    (UnumProvident, 2002)

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Please Note...

Our policies will not cover you if you:

  • Are presently off work due to illness or injury
  • Will miss work in the near future due to a pre-existing condition
  • Are already pregnant
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