About 1 in 7 people can expect to be disabled for five years or more before retirement*. Comprehensive and efficient disability insurance solutions are vital for protecting an individual, and helping disabled persons return to work.
Studies show a person suffers a disabling work injury every nine seconds*. Disability plans are designed to protect an individual and their families in the event of unexpected injury or illness. The disability insurance policy will specify when you are eligible to begin receiving benefits.
Typically, an individual must be unable to work for a specific amount of time before receiving disability benefits. The amount of the payments, the extent of coverage, and an explanation of precisely what constitutes a disability are enclosed in the policy.
The premium for the policy is determined by a number of aspects, including the amount of the income payments, the span of payments, exactly what constitutes a disability, and individual risk factors such as the state of health and sort of employment of the insured.
Frequency of Disabling Injuries (2004)
* "Commissioners Disability Table, 1998," Health Insurance Association of America, the New York Times, February 2000 * National Safety Council, Injury Facts 2004 Ed.