Disability Insurance
Disability income insurance is needed by just about everyone who earns a living. When a disability leaves you unable to work for an extended length of time, you lose the ability to earn an income. Disability Insurance is designed to help you maintain your standard of living when you cannot work. If you don't have much in the way of assets for a financial cushion, you need enough to cover costs and supplement your income until you can go back to work.
Sun Cornerstone Group, Inc works with the top Insurance carriers, to present an unbiased, independent custom-tailored rate quote and/or current policy review.
Here are some interesting statistics
Three in 10 workers entering the work force today will become disabled before retiring.
Social Security Administration, Fact Sheet January 31, 2007
An illness or accident will keep 1 in 5 workers out of work for at least a year before the age of 65.
Life and Health Insurance Foundation for Education, November 2005
One in 7 workers can expect to be disabled for five years or more before retirement.
"Commissioners Disability Table, 1998," Health Insurance Association of America, the New York Times, February 2000
Close to 90% of disabling accidents and illnesses are not work related.
National Safety Council, Injury Facts 2008 Ed.
Less than half - 39% - of the 2.1 million workers who applied for SSDI benefits in 2005 were approved.
Social Security Administration, Office of Disability and Income Security Program
In the U.S., a disabling injury occurs every 1 second, a fatal injury occurs every 4 minutes.
National Safety Council, Injury Facts 2008 Ed.
Unexpected illnesses and injuries cause 350,000 personal bankruptcies each year.
"Illness and Injury as Contributors to Bankruptcy," Health Affairs, February 2, 2005
In the last 10 minutes, 498 Americans became disabled.
National Safety Council, Injury Facts 2008 Ed
The average long-term disability absence lasts 2.5 years.
Commissioner's Individual Disability Table A
70% of the private sector workforce has no long-term disability insurance.
Social Security Administration, Fact Sheet January 31, 2007