What you may not know about disability insurance

What you may not know about disability insurance

If you got sick or hurt and couldn’t work, how would you pay for everyday living expenses?
While most of us like to think we won’t be affected by a disability, any one of us could be. In fact, common illnesses or health conditions make up 90% of paid disability claims. If you become disabled, you could be out of work for quite some time —several weeks for surgery, months for a serious injury, or a year or more for a chronic illness.

Working without a financial safety net?
More than 1 in 4 of today’s 20-year-olds will become disabled
before age 67. We’re under insured „. More than half (52%) of workers say they know “not very much” or “nothing at all” about disability insurance. Three times as many disabling injuries occur off-the-job as on-the-job and are therefore not covered
by workers’ compensation. The average Social Security Disability Insurance benefit is $1,100 a month and is reserved for eligible disabilities expected to last for at least a year or result in death. The Family and Medical Leave Act provides sick and family leave, but that time may end up not qualifying for payment. Half of all households are “financially fragile,” having a great difficulty raising $2,000 within a month, if needed. More than three-quarters (77%) of workers think that missing work for at least three months because of injury or illness would create a financial hardship, and half think it would cause a “great hardship”.

For More info please contact Info@probityins.com or Call 408-293-9923.