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Not at Risk?
You're young. You're healthy. You're generating significant income. Probably the farthest thing from your mind is the possibility of a long-term disability. But the numbers show that almost one-third of Americans entering the work force today will become disabled before they retire (Social Security Administration, Fact Sheet Jan 2009). No one knows when, if, or how a disability will strike, but you can help provide yourself, your family and your practice financial security and peace of mind by securing disability protection now.
Probability of at least one long-term disability lasting at least three months before reaching age 65 |
AGE |
PROBABILITY* |
| |
Male |
Female |
|
|
25 |
20.2% |
29.9% |
30 |
19.6% |
28.6% |
35 |
19.0% |
27.0% |
40 |
18.2% |
24.8% |
45 |
17.1% |
21.8% |
50 |
15.4% |
18.1% |
55 |
12.6% |
13.5% |
|
| |
Probability of remaining disabled for at least 2 years
after meeting a 90-day elimination period |
AGE |
PROBABILITY** |
| |
Male |
Female |
|
|
25 |
27.3% |
25.2% |
30 |
30.7% |
28.2% |
35 |
34.8% |
32.2% |
40 |
39.4% |
36.9% |
45 |
44.5% |
42.0% |
50 |
49.7% |
47.2% |
55 |
54.6% |
52.2% |
|
| |
Probability of remaining disabled for at least 5 years
after meeting a 90-day elimination period |
AGE |
PROBABILITY** |
| |
Male |
Female |
|
|
25 |
11.6% |
13.0% |
30 |
16.6% |
17.4% |
35 |
21.8% |
22.3% |
40 |
27.3% |
27.6% |
45 |
32.9% |
33.2% |
50 |
38.3% |
38.6% |
55 |
43.0% |
43.3% |
|
Source:
* Disability based on 1985 CIDA, 90-day elimination period, occupation class 1. Occupation Class 1 includes professional, technical and managerial occupations that are generally office duties only. 1985 CIDA is the most current mobidity table for individual disability claims incidence adopted by most Departments of Insurance.
** Disability based on 1985 CIDC table with 90-day elimination period, occupation class 1. 1985 CIDC is the most current mobidity table for individual disability claim terminations adopted by most Department of Insurance.
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