Protect A Key Asset – Your Income
You insure what matters to you – your home, your life, health and car. But what about one of your most valuable assets – your income? Long Term Disability (LTD) insurance provides income replacement if you experience a covered illness, injury or pregnancy. The monthly benefit payments can help with the bills, like your mortgage or rent, that continue even when you can't work – expenses health insurance won’t cover.
Do You Know The Risks Of Disability?
Did you know that the majority of disabilities are not caused by accidents? In fact, the two leading causes are diseases of the musculoskeletal system and connective tissue and cancer.1 Here are some more surprising statistics:
- 1 in 4 20-year-olds will become disabled before reaching age 672
- 69% of the private sector workforce has no long term disability insurance2
- The average group long term disability claim lasts 34.6 months3
Take steps to close the gap in your financial safety net. Ask your employee benefits manager about group Long Term Disability insurance from The Standard.
1 2012 Council for Disability Awareness Long-Term Disability Claims Review
2 Social Security Basic Facts, July 26, 2013.
http://www.ssa.gov/pressoffice/basicfact.htm. Accessed Sept. 4, 2013
3 Gen Re, U.S. Group Disability Rate & Risk Management Survey 2012, based on claims closed in 2011