CreativeOne’s experienced disability insurance (DI) team works in collaboration with Disability Insurance Services (DIS) to create a disability protection package that’s right for you and your clients.
Only 40% of U.S. households have enough liquid savings to cover three months of living expenses, and only 28% have enough to cover six months of expenses. ¹
Of today’s 22-year-olds, one in four can expect to be out of work for at least a year with a disabling condition over the course of their career. ²
Each year, approximately 5% of working Americans experience a short-term disability (six months or less) due to illness, injury or pregnancy. Almost all of these disabilities are non-occupational. ³
From 2009 to 2018, only 32% of Social Security Disability Insurance (SSD) claims were approved. 21% of those were approved at the initial application stage, while the remaining claims went through a lengthy appeals process before being approved. ⁴
The average SSDI benefit for a disabled worker is $1,279 per month. That equals $15,348 per year, which is below the poverty line of $17,420 for a two-person household. ⁵
Ensuring your clients have adequate disability insurance in place is vital to protecting their wealth and financial stability. Let us help you implement a well-researched, custom disability insurance solution to protect your clients and enhance your practice.Call the disability insurance team today at 800.992.2642 and let’s start the conversation.
Book a strategy session →[1] https://www.federalreserve.gov/econres/notes/feds-notes/assessing-families-liquid-savings-using-the-survey-of-consumer-finances-20181119.html
[2] https://www.ssa.gov/oact/NOTES/ran6/an2020-6.pdf
[3] https://www.askgms.com/disability-and-life-insurance.html
[4] https://www.ssa.gov/policy/docs/statcomps/di_asr/2019/sect04.html#chart11
[5] As of February 2021. https://www.ssa.gov/policy/docs/quickfacts/stat_snapshot/, https://aspe.hhs.gov/poverty-guidelines
Fill out the form to book your strategy session today. A member of our team will be in touch as soon as possible.
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