"The point is," Petruzzi concluded, "in challenging economic times it is more important than ever to ensure your greatest asset: your ability to earn an income."
Guardian and Berkshire commissioned Insurance & Behavior: Life Without
Income in recognition of Disability Insurance Awareness Month, an
industry-wide consumer education effort observed each May.
More Disability Facts and Resources
-- If you are temporarily unemployed and have an existing disability
policy, some insurers such as Berkshire and Guardian waive your
disability insurance premiums until you return to work.
-- According to the LIFE Foundation (http://www.lifehappens.org) nearly 1 in 5
Americans will become disabled for one year or more before the age of
-- The number or workers who become disabled has risen by 35% since 2000,
according to the Social Security Administration, as reported by the
Council for Disability Awareness (disabilitycanhappen.org).
-- An earlier Guardian study, Insurance and Behavior: Spotlight on
Individual Disability Insurance, revealed that millions of Americans
are ignoring the impact that an illness or a disability can have on
their retirement savings. Nearly half (48%) of Americans say they
would probably have to stop making contributions to their retirement
account should they become disabled.
-- Guardian's study, Insurance and Behavior: Spotlight on Group Life and
Disability Insurance, revealed that as many as 48% of employees don't
know that employer-paid disability income benefits are taxable.
-- These Guardian disability insurance research reports can be f
|SOURCE The Guardian Life Insurance Company of America|
Copyright©2008 PR Newswire.
All rights reserved