Insurance Science in Disability

Expert Author M Wyzanski

If you’re young and healthy, you’ve probably given little thought to the concept of disability insurance. Most workers in this age range might even belittle it as negligible given their youth.

“Disability insurance?” “Compensation if I can’t work?” they may shout. “Why, that’s a collateral I don’t really need.”

If you talk to the professionals – those in the trenches when it comes to related liability and insurance claims – you’ll hear a very different story. In fact, the discussion will lead you to be very grateful for your protection!

Deep down, everyone understands that any blessing we have in life should never be taken lightly. Car accidents, work accidents, home demolition – all this happens. Likewise, no one can guarantee that illness or disease will not disrupt a deprived life, whatever the situation.

Need more on the subject? Here are the sobering facts:

• 1 in 4 young people in the 20-year-old age group suffers from a long-term illness or injury.

• There are more than 700,000 wage workers and employees receiving social security disability insurance benefits each year.

• Overall, 1 in 15 employees apply for short-term disability each year.

• Almost fifty percent of Americans do not have the money to finance a four hundred dollar medical emergency.

• A broken or broken leg can result in a business interruption of three months or longer.

• On average, a long-term disability insurance claim takes longer than two years and six months.

• Work-related physical disability can be the result of a variety of factors, including chronic headaches, ongoing backaches, cancer-related treatments, treatment, birth of a new baby, vision loss, heart disease, mental and emotional illness, and fever. other diseases and conditions.

• The average income of newly graduated higher education students is approximately $1,101. Weigh this with the average long-term disability maximum loss of income claim of $125,450.

With the available data on young workers, a disability that renders someone unable to work can have devastating effects without proper insurance coverage.

Do you know?

• Thirty-five percent of young workers have difficulty meeting their daily monthly costs.

• About 70 percent of all US citizens do not have even a thousand dollars in savings.

• Worse still, thirty percent of those aged eighteen to thirty have no savings.

Life has financial responsibilities. These can include rent, mortgages, student loans, direct payments and more. Protect your earnings and ability to make a living by making sure you have the protective compensation of disability insurance.

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