Review the Statistics involved in becoming Disabled and Insurance

When making a decision regarding Disability Insurance, consider the following:

Social Security Statistics

• 1993 - Social Security denied 55 % of 1.4 million applications it received.
• 1998 - only 35% of Social Security disability claims were approved.
• Over 5 months must pass before Social Security will pay on an approved claim
• Social Security requires that you cannot perform "any" gainful work.
• Social Security demands that the disability must last at least 12 months.

Basic Disability Statistics

• Between the ages of 35 and 65 seven out of ten people will become disabled for 3 months or longer
• One out of seven employed people will be disabled for 5 years or more before age 65
• Average long-term loss due to disability is over 5 years.
• Average American household only has two months worth of savings in reserve.
• Workers compensation coverage only covers injuries that occur on the job