Here’s what the numbers from our latest report say:
Read the full report, Futureproofing Your Income: The role of disability insurance in financial wellness, to learn more.
Disability insurance
Income protection that adds up
You help your clients prepare for the unexpected — but what about your own income?
Have you done the math on how long your savings would last if you were too sick or injured to work? Most working Americans haven’t — and the data is eye-opening.
1 in 4
of today’s 20-year-olds will be out of work for at least a year due to a disabling condition before retirement.
73%
of workers who were out for 9+ months said it had a major or devastating financial impact.
38%
of people who were out of work due to disability had to withdraw from savings, investments, or retirement accounts.
7–10%
of all claims are now mental health-related disability claims.
Material discussed is meant for general informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice.
Individual disability income products underwritten and issued by Berkshire Life Insurance Company of America (BLICOA), Pittsfield, MA or provided by Guardian. BLICOA is a wholly owned stock subsidiary of and administrator for the Guardian Life Insurance Company of America (Guardian), New York, NY.
Product provisions and availability may vary by state. Optional riders are available for an additional premium. Some policy benefits and features are not available to all occupations. Individual disability insurance policy form 18OE is underwritten and issued by Berkshire Life Insurance Company of America, (BLICOA) Pittsfield, MA. BLICOA is a wholly owned stock subsidiary of The Guardian Life Insurance Company of America, New York, NY. Product provisions and availability may vary by state.
