over $1,000 a month, just barely above the poverty line.
-- 13% say they would turn to Workers' Compensation. Workers'
Compensation only covers you if you get injured, ill or die as a
result of your job and only 10 percent of disabilities actually occur
on the job. Even if the disability occurs at work, Workers'
Compensation payments are sometimes quite modest, and some applicants
won't qualify for any benefits at all. Having disability coverage --
through work or on your own -- is the best way to ensure that you'll
be financially protected in the event you become disabled outside of
-- 11% would rely on disability insurance they had purchased on their
own. The risks of suffering a disability are real - nearly 1 out of
every 3 workers will suffer a disability that keeps them out of work
for 90 days or longer at some point in their career. Despite the
statistics, there are only 6 million individual disability insurance
policies in force for a U.S. workforce of 146.3 million. Just as you
would insure your home, car or other valuable asset, it's important to
insure your paycheck, as well.
Making sure you have sufficient disability income protection could be a daunting task if you had to do it on your own. Fortunately, there are resources available that can help. For more information and tools on how to get started, visit the disability insurance section of LIFE's website at http://www.lifehappens.org/disabilityinsurance.
You'll also find an online calculator that allows you to determine for
yourself about how much disability insurance you need. Just go to
|SOURCE LIFE Foundation|
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