Without your paycheck, how long would you be able to make your mortgage or payment of rent, buy food or pay your credit card bills without feeling the pinch? If you're like most, it would not be long at all: half of US workers could not do a month before financial difficulties would set, and nearly one in four would have problems immediately, according to a life Happens investigation.
May is Disability Insurance Awareness Month, and you can spread the word about the importance of protecting your income with disability insurance. Here are some statistics and information that are "tweetable" which means you can share them by clicking on the fact that you want to tweet and the tweet will automatically generated for you. And make sure to follow us on Twitter at @lifehappens.
63% say that most people need disability insurance to protect their income, but only 29% have. http://lifehap.pn/1jIJq20 #DIstats
(Source: Barometer 2014 Insurance study, life happens and LIMRA)
half of workers are concerned about supporting themselves if they were sick / injured and could not work. http://lifehap.pn/1jIJq20 #DIstats
(Source: Barometer 2014 Insurance study, life happens and LIMRA)
1 in 4 workers would fight with $ $ immediately if they were disabled and could not work. http://lifehap.pn/1jIJq20 #DIstats
(Source: Survey on Disability conducted by Kelton Reseach on behalf of life happens, April 2012)
half of the workers could not do a month without a paycheck before financial difficulties. http://lifehap.pn/1jIJq20 #DIstats
(Source: Survey on Disability conducted by Kelton Reseach on behalf of life happens, April 2012)
Only one third of workers have access to disability insurance plan through work. http://lifehap.pn/1jIJq20 #DIstats
(Source: Survey, US Bureau of Labor Statistics, March 2012 Benefits)
Diseases, no accidents are the cause of most (0%) disabilities. http://lifehap.pn/1jIJq20 #DIstats
(Source: Council for disability awareness, long-term disability claims review, 2013)
45 years / o making $ 50k worker who suffers a permanent disability could lose $ 1 million for future gains. http://lifehap.pn/1jIJq20 #DIstats
(Source: US Bureau of the Census Survey of Income and Program Participation)
The payment of average disability of government is just $ 1,111 per month. http://lifehap.pn/1jIJq20 #DIstats
(Source: US Social Security Administration, Fact Sheet Program, June 30, 2012)
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