Disability insurance can round out an employer'shealth care offerings and provide valuable income protection forindividuals in case they become sick or injured and are unable towork.
Disability Insurance Awareness Month is a good reminder for allof us about the need to educate clients and prospects about thebenefits of disability insurance, especially as it pertains toincome protection. For many working Americans,losing income as a result of a disability is not something theythink will ever happen to them. However, according to the U.S.Social Security Administration, 1 in 4 of today's 20-year-olds willbecome disabled during their working years.
Guardian's Workplace Benefits Study also reveals that 55percent of employees found the financial impact of their disabilityincident to be major or devastating. This reality, coupled with agrowing need to offer financial protection products in theworkplace, can be compelling reasons for brokers and benefitsconsultants to encourage the inclusion of disability insurance in acompany's employee benefits package.
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