Disability insurance expert witnesses may opine on disability income insurance and disability insurance claims, among other topics. On their website, the Council for Disability Awareness answers the question: What are your chances of becoming disabled?
Higher than you probably think. You can ignore the problem, but it’s hard to ignore the facts:
* Just over 1 in 4 of today’s 20 year-olds will become disabled before they retire.
* Freak accidents are NOT usually the culprit. Back injuries, cancer, heart disease and other illnesses cause the majority of long-term absences.
Are you prepared if it happens to you? Probably not. If you’re like most Americans, you don’t have disability insurance. Or enough emergency savings to last 31.2 months. Yes, that’s the duration of the average long-term disability claim.
Read more: disabilitycanhappen.org.