The Concklin Blog

Disability Insurance Awareness

Written by Concklin Insurance | May 20, 2019 5:00:00 AM

Do you have a plan for the unexpected?

According to disabilitycanhappen.org, it is estimated that more than 25% of individuals in their 20s today will experience a disability before they reach retirement age. Surprisingly, accidents are not usually the main cause. Instead, back injuries, cancer, heart disease, and other illnesses are responsible for the majority of long-term absences from work.

Despite this alarming statistic, a significant number of individuals are unprepared.

It’s time for a Reality Check Up

Most disabilities are not caused by work related accidents and therefore are not covered by Worker’s Compensation. Musculoskeletal injuries, or long-term illnesses including cancer and heart disease are responsible for most long-term absences from work. Practicing safe lifting techniques, eating a clean diet and exercising regularly can reduce your chances of disability, but there is no guaranteed prevention.

Disability Insurance is not the same as health insurance.

Health insurance helps cover your medical expenses, while disability insurance replaces a portion of your income when you are unable to work due to a disability. Imagine hurting your back and not being able to get out of bed for a month. Your health insurance has helped to pay for your doctor visits and treatments, but you’ve run out of sick days at work. You still need to pay your mortgage, utility bills, and car payments. Do you have enough savings to cover your expenses? What if your recovery takes 2 months, or 3 months? What if you are no longer physically able to do your job for years to come? It can be a little overwhelming to wrap your mind around the prospect of disability.

Talking to your Trusted Insurance Advisor can be a great benefit to understanding your risk, and what you can do to prepare for the unexpected.


1https://disabilitycanhappen.org/
22005 Harvard Study