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Just How Likely is Disability?
Likely enough
to make it worth worrying about. Consider these statistics:
Those are your
chances of suffering a disabling illness or injury, based on the
experience of companies selling disability income insurance. The
other part of the picture is
the potential length of a long term disability.
Once a
disability reaches long-term status - that is, once you've been
laid up for 90 days or longer - it could very well last several
years.
To put those
numbers in perspective, let's compare the likelihood of a
disabling illness or injury with a risk you've probably already
dealt with - the chances of dying prematurely.
Throughout
your career, the possibility
of suffering a long-term disability is several times greater
than the possibility of death.
Individual Disability Insurance Product Info
We believe in
own-occupation disability insurance
coverage. It provides the most comprehensive long term
disability insurance coverage available. Do not be fooled by
many insurance companies who try to sell you "modified"
own-occupation contracts. Simply compare the definition of total
disability which is shown in a quote, and you will see the
difference. If a sickness or injury prevents you from performing
the material and substantial duties of your occupation, real
own-occ will pay you a total monthly benefit, even if you are
able to work in some other capacity.
We firmly believe in
non-cancellable and guaranteed renewable disability insurance,
we will not sell you anything else. This means that your
premiums will remain level until you reach the age of 65. You
will pay the same premium at age 40, that you will at age 64.
Premiums are based on age, sex, occupation, income level, and
health history. There is every incentive in the world to buy
long term disability insurance coverage at your current age, as
rates go up next year. Always make sure your disability
insurance coverage is Non-Can. You don't want to receive a huge
rate increase at age 55, at a point in time where a new
disability insurance policy is more difficult to obtain.
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Did you know?
In
one year:
• 1 in 68 will be injured in a house fire
• 1 in 258 will have a house fire
• 1 in 113 will die
• 1 in 8 will be disabled
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