Disability is more common than you think. One out of every four 20-year-olds will become disabled and be out of work for 12 months or more before they turn 67.
Disability can stem from many causes, including illness, injury and pregnancy.
Chances are, you’re not prepared. If you’re like most Americans, you don’t have enough savings to cover three months of living expenses if you are out of work.
Over one-third of working Americans are considered “financially fragile,” meaning they are not able to cope with emergency expenses, such as a car or house repair, a medical bill, or a small legal expense, in a short time period, even while they are working, according to research by the Global Financial Literacy Excellence Center (GFLEC) at George Washington University.
Imagine trying to keep up with your bills if you are out of work for weeks or months.
Disability insurance that you purchase through work or on your own can help replace your income if you are unable to work, letting you pay your mortgage, your daily expenses, and provide for yourself and your family.
Want more info about disability insurance and how to protect yourself? Visit RealityCheckup.org for more info.