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Disability Insurance Awareness Month

June 01, 2024

What if we told you your most valuable asset wasn’t your house, your car or your investment account? For most individuals, their ability to earn money is their largest asset! Disability insurance protects your biggest asset. We buy insurance for our homes and our cars; why not buy insurance on our ability to work?

The Social Security Administration estimates that more than 1 in 4 20-year-olds will become disabled before reaching retirement age.1 Disability Insurance Awareness Month brings awareness to this frightening fact and helps individuals protect themselves and their families against this often neglected risk.

Disability insurance comes in short-term coverage and long-term coverage. While coverage for short-term disabling events can be useful, long-term disability coverage protects against those more devastating disabling events that put you out of work for longer periods and even permanently.

Disability coverage can be offered by employers or purchased individually. Typically, disability insurance provided through an employer will be cheaper than on the individual market. Check with your HR department to see if you have the ability to get disability insurance coverage. Do you know how much disability insurance you need? Visit www.lifehappens.org to use their free disability insurance need calculator.

1 Facts | The Faces and Facts of Disability | SSA

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