That's right...May is the official disability insurance awareness month.
So you're asking...what is Disability Insurance, and why would/should I have it?
May is Disability Insurance Awareness Month
Posted by: Christin Accomando on Apr 24
What's the one most important thing you should insure?
I'll give you a hint - it's not term life insurance and it's something we all take for granted. What is it? The ability to work. That's why disability insurance is VERY important. May 1st marks the beginning of Disability Insurance Awareness Month (DIAM), which is organized by the Life Insurance Foundation for Education. Just think about it. Your income is by far your most valuable asset! What would you do if you weren't able to earn money for ninety days, a year, or even longer? How would you pay for your mortgage, food, cars and other bills? How long could you and your family survive? Did you know that the odds of becoming disabled are 3 times higher than the odds of dying before age 65? In fact, statistics show that 1 in 4 families identified an illness or injury in their family as the major reason for bankruptcy. And amazingly, 48 percent of all home mortgage foreclosures are due to a disability. If you don't have disability insurance, you're not alone. Eighty-two percent of Americans have little or no coverage. The message is clear: people in their prime working years may be healthy and have all of the energy in the world, but they're not safe from the threat of a disability.
At State Farm, we offer both the standard Disability Insurance, and Mortgage Disability Insurance. Both are relatively similar, but have some different coverages, and different cost.
Most people don't realize how important disability insurance is, and most importantly, how cost effective it is!!
Shoot me a PM, email, call, or stop in if you have any questions at all.
Three out of every 10 workers will experience an accident or illness that keeps them out of work for 3 months or longer.
Forty-three percent of all 40-year-olds will suffer a disability for at least 90 days prior to age 65.
More than half of all personal bankruptcies and mortgage foreclosures are due to disability.