Disability Insurance — Protecting Your Greatest Asset: Your Income
You are 3-4x more likely to become disabled than to die before retirement age. Yet most people have life insurance but no disability coverage.
The Numbers
1 in 4 workers will experience a disability lasting 90+ days before age 67. Average length of disability claim: 34.6 months (nearly 3 years). Without income for 3 years, most families face financial devastation.
How It Works
Disability insurance replaces 50-70% of your income if you cannot work due to illness or injury. Typical cost: 1-3% of annual salary.
| Annual Salary | Monthly Benefit (60%) | Estimated Premium |
|---|---|---|
| $50,000 | $2,500 | $50-125/month |
| $75,000 | $3,750 | $75-188/month |
| $100,000 | $5,000 | $100-250/month |
If you depend on your paycheck, you need disability insurance.