5 Disability Facts
1. Over 1 in 4 of today's 20-year-olds will become disabled before they retire.
2. The average long-term disability claim lasts 34.6 months.
3. Only about 9% of disabilities are caused by accidents.
4. About 91% of disabilities are caused by illnesses.
5. Most disabilties are not work related.
What is disability insurance?
Paycheck protection insurance.
Disability insurance is a life insurance policy that protects your income if you couldn’t work due to an illness or injury*. Often considered a form of “paycheck protection,” this coverage provides payouts over time and can account for lost income to help you rest and recover from an injury or disability.
What is critical illness insurance?
Covers a range of medical conditions.
Critical illness insurance is a type of life insurance that protects against serious medical conditions. While you’re being treated for a critical illness, this policy would provide a lump sum to cover medical expenses and the family bills.
Benefits of Disability & Critical Illness Insurance
Although their structures are similar, each type of policy has its own unique benefits. If your job poses risk of injury or you don’t have enough savings to cover a period of income loss, disability might be a great fit for you. If you want to protect your income long-term in addition to any health insurance you have, applying for critical illness insurance while you’re young and healthy is a good idea.
Peace of Mind
A disability or critical illness policy can offer financial security and peace of mind if you were no longer able to work due to an injury or illness. With Legacy Group, you can choose the policy and terms that best fit your needs in just a few simple steps. Our trusted agents are here to provide as much support as you need