Most people don’t think about the need for long-term disability insurance until it is too late. In fact, many people believe that they are adequately covered through Worker’s compensation benefits…but the truth is, only about five percent of accidents or illnesses are related to the workplace1, according to The Council for Disability Awareness.
Let’s take a look at another theory. Age. Let’s face it, we all feel more invincible when we’re young, but the research shows that one in four 20 year-olds will become disabled before the age of 672.
Lastly, many people believe that they will be adequately covered through Social Security Disability Insurance (SSDI) if they are disabled. After all, employees pay into that. The reality is, obtaining SSDI is not as easy as one may think. Qualification takes time, and may require complete disability.
It doesn’t matter how big or small your company is, or how young or old your workforce is. Accidents happen. In a world where many people live a couple of paychecks away from financial disaster, this is the one little benefit that can truly protect you.