Tag: disability insurance statistics

Disability insurance need rapidly growing in the workplace, study

G. Turner
Taxi Driver Disability Insurance

The results of recent research are underscoring the importance of employer sponsored coverage. A new study’s results were issued this week and have highlighted the importance of disability insurance that is sponsored by employers when it comes to the health and financial wellbeing of American workers. It showed that only one in three private sector employers is currently offering long term disability coverage. Despite the fact that this is the case, the Social Security Administration’s own data suggests that one in every four workers in the United States will need…

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Disability insurance covers three quarters of U.S. workers through social security

Julie Campbell
Disability Insurance benefits US workers

According to the latest report, 76 percent of American employees have this coverage. The latest report that has been issued by Allsup has revealed that approximately three in every four workers in the United States, or 76 percent, had coverage through Social Security disability insurance benefits in 2012. This helps to underscore the importance of building an understanding of the role of work history. Last year, among workers between the ages of 20 years and full retirement, there were approximately 195.1 million workers who made up the American workforce as…

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Disability insurance should not be overlooked for financial health

Julie Campbell
Disability Insurance

The consequences of leaving it out of future planning can be expensive. As important as disability insurance may be, it is among the most forgotten forms of coverage in a financial plan over the long term. The importance of homeowners, auto, health, and life policies are far better known. It is important to recognize, however, that disability insurance is the coverage that you will need if you should ever be forced to leave your work for a period of time due to illness or injury. This is the protection that…

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SSA data shows more people on disability insurance than the population of New York City

Disability Insurance

There are a higher number claiming from federal programs than the 8.25 million in NYC. According to the Social Security Administration (SSA), the number of people who are currently claiming federal disability insurance payments has now reached record numbers, exceeding the entire population of New York City. In fact, the SSA data says that there are 500,000 more people claiming than in NYC. The latest population data shows that there are 8.25 million people living in the large urban center, but the June 2012 statistics regarding federal disability insurance payments…

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Most U.S. residents want to protect their incomes but don’t have disability insurance

disability insurance

Americans want to be able to protect their financial future, but lack a primary coverage in that plan. A study performed by Northwestern Mutual, called The State of Planning in American, has shown that being able to maintain a certain standard of living is a primary goal among residents of the United States, but few are actually taking the necessary steps, such as purchasing disability insurance, to make sure that their ability to achieve this goal is protected. The top financial goal for Americans is “having a good standard of…

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