Nearly 1 in 5 People Have a Disability in the U.S., Census Bureau Reports
About 56.7 million people — 19 percent of the population — had a disability in 2010, according to a broad definition of disability, with more than half of them reporting the disability was severe, according to a comprehensive report on this population released today by the U.S. Census Bureau.
The report shows that 41 percent of those age 21 to 64 with any disability were employed, compared with 79 percent of those with no disability. Along with the lower likelihood of having a job came the higher likelihood of experiencing persistent poverty; that is, continuous poverty over a 24-month period. Among people age 15 to 64 with severe disabilities, 10.8 percent experienced persistent poverty; the same was true for 4.9 percent of those with a nonsevere disability and 3.8 percent of those with no disability. See full report.
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Protect it with disability insurance
If you unable to work as a result of an accident or illness and
became disabled, what would you and your family do for income?
To help you meet your expenses and standard of living, replace
your income with disability insurance.
Replacing a portion of your income can help you pay bills like your mortgage, car payments, utilities and groceries providing financial security until you return to work.
WHY DO I NEED DISABILITY INSURANCE
How would you pay your bills if you became disabled? What are the odds?
It's a real risk. You're at a greater risk of disability than the risk of premature death.
- Before the age of 65, 1 in 5 workers are out of work with an illness or accident for at least a year.
- Your chance of missing at least 60 to 90 days of work due to a disability is 1 in 32.
HOW DOES THIS HELP
Coping with a disability is stressful. Relieve the added stress of losing your income.
- Replaces income if you’re too sick or injured to work.
- You or your family relies on your income to pay the bills.
- Your policy belongs to you even if you change jobs.
- Coping with a disability is stressful. Relieve the added stress of losing your income.
IT’S A SOUND DECISION
Most Americans cannot afford to miss more than two months of work without having to borrow money. Since your income is most important asset, it’s essential to protect it with disability insurance.
UnitedHealthOne Disability Income Protector℠/Protector Plus℠
Golden Rule Insurance Company or UnitedHealthcare Life Insurance Company are the underwriters of UnitedHealthOne
All plans are easy to apply for, and you choose the plan and level that suits your needs.
Run a quote. Select the DISABILITY TAB to find results. These plans are for 1- 5 years.
For longer a term, contact us now.
HOW LONG CAN YOU AFFORD TO BE DISABLED?
Here's an example client, Jane, has monthly expenses of $4,000. Let’s assume she became disabled in October: In November, Jane would completely tap out the $2,000 from her checking account and an additional $2,000 from her savings.
- After December’s expenses were paid, Jane’s balance in her checking and savings accounts would be zero and she’d have to take $1,000 from her CDs.
- To pay January’s expenses, Jane would have to use the $4,000 remaining in her CDs to pay her monthly expenses AND come up with the funds to pay the penalties of early withdrawal from her CDs.
- In February, what would she do? She’d have no choice but to borrow money from her 401(k), which would have to be re-payed with interest, putting her further behind on a month-to-month basis.
There's a new number you need to know - your PDQ, or Personal Disability Quotient.
See what your PDQ is... interactive calculator, presented by the Council for Disability Awareness (CDA)
It represents your own unique chance of becoming too sick or hurt to work and earn the income you depend on.
After getting your PDQ score, give me a call and we can talk about how I can help you protect your most valuable asset - your income with Individual Disability Income Insurance (DI).
KEY FACTS...
About 56.7 million people — 19 percent of the population — had a disability in 2010, according to a broad definition of disability, with more than half of them reporting the disability was severe, according to a comprehensive report on this population released today by the U.S. Census Bureau.
People in the oldest age group — 80 and older — were about eight times more likely to have a disability as those in the youngest group — younger than 15 (71 percent compared with 8 percent). The probability of having a severe disability is only one in 20 for those 15 to 24 while it is one in four for those 65 to 69. Source