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Disability Insurance is probably one of the most misunderstood employee benefits. At the same time, it is one of the most important because not having it can lead to a financial disaster from which an employee may never fully recover. 

Some important facts to consider: 

• The average disability absence is two and a half years
• Disabling injuries and illnesses account for 55% of employee absences
• Three out of ten workers between the ages of 25 and 65 will experience an accident or illness that will keep them out of work for three months or more
• About one in seven people can expect to be disabled for five years or more before retirement
• Over 90% of disabling accidents and illnesses are not work-related, and therefore are not covered by workers’ compensation
• More than one in five adults believe that Unemployment or Social Security will take care of them if they become disabled
• Less than half (39%) of the 2.1 million workers who applied for SSDI benefits were approved in 2005
• The average monthly Social Security Disability Insurance (SSDI) benefit is only $978
• More than 70% of the private sector workforce has no long-term disability insurance
• Disability causes nearly 50% of all mortgage foreclosures, compared to 2% caused by death

Most Americans are not prepared for the financial hardships caused by disability.  Let our broker/consultants help design an affordable short-term and/or long-term disability plan that will provide the necessary income protection for your employees.  They can also show you how to protect disability benefits from income taxes. Furthermore, insurance premiums can be paid by the employer, entirely by the employee, or they can be shared. Contact us today for more information.