The Total Disability Problem

Total disability is one of the most serious problems you and your family could ever face. If you should suffer a severe injury or illness, you could lose the income that provides you and your family with a home, food, transportation, clothes and other necessities.

Sometimes a disability is short term, and a return to work is possible. But if an injury or illness causes total disability, often there are additional costs including long term care and the extra help needed to help your family function in the absence. This could double the financial burden on your family.

A Personal Income Protection plan from #1insurancequoteslifedisabilityinsurance.com, like the one shown here, can help provide security for your family if something should happen to you. While nobody likes to think about becoming disabled, take a moment to look over the cases listed below.

Actual Disability Claims

Do you ever think, "It won't happen to me?" That's what these people said, too. But they were protected with the help of a disability insurance plan.

*Claims paid as of 9/99, benefits include Residual, Social Insurance Substitute, and Inflation Riders and waiver of premium.

CONSIDER THESE FACTS:

Research shows that your chances of becoming disabled are rising. The four leading chronic "killers"- Hypertension, Heart Disease, Stroke and Diabetes - still threaten men and women between 45 and 65 years of age. Yet, data on these age groups shows that while more people are being affected by these diseases, mortality rates are declining. This means that while death from disease may be prevented or postponed, chronic disability may not be.

Source: Lois Verbrugge, "longer life but worsening health: trends in health and mortality of middle-aged and older persons," Health and Society, 66. (1984) 490

RELYING ON SOCIAL SECURITY

If you're thinking about relying on Social Security to help you or your family make it through the tough times caused by disability, think again.

According to an article in The Wall Street Journal in July of 1992, over 50% of all Social Security claims are denied.

In order for you to receive Social Security Benefits should you become diabled, you must meet the following eligibility requirements:

• You must be unable to engage in any substantially gainful work - considering your age, education and work experience - by reason of some medically determinable physical or mental impairment.
• The total disability must be expected to last at least 12 months or to result in death. If a disability has not lasted 12 months, it is necessary to obtain medical confirmation that it will before benefit payments can start.
• Except for persons who have previously been totally disabled within the past five years, there is a five month waiting period before benefit payments begin to accrue. Generally, the first benefit check is not received until the start of the seventh month.

HOW WILL YOU REPLACE THE MONEY LOST AS A RESULT OF A DISABILITY?

The table below shows how much money you could earn if you work until you reach the age of 65.

Sources of Income Replacements

Savings-How long can they last?
Borrowing-Who will lend money to a personal with limited or no ability to earn and income?
Relatives and Friends-Charity of this kind has a limit.
Selling your Assets-But at a time when you need them most?
Social Security-Even though Social Security benefits may ultimately become available, it's possible you may wait up to 7 months before receiveing your first benefit payment. Can you wait that long to receive help? Will the benefits be sufficient for your needs?
A Working Spouse-Can your spouse be a parent, housekeeper, chef and employee-and still be the primary full-time care person for a disabled person?

WHAT IS THE SOLUTION?
A disability insurance protection plan from #1insurancequoteslifedisabilityinsurance.com that goes to work for you.

To make sure your that your family has enough income to meet their needs should you suffer a disabling illness or injury, click here to try our Disability Calculator.