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How would you fund your living expenses if you suddenly became disabled?


The Wall Street Journal has reported a rise in the purchase of long-term disability insurance, particularly among employees who are offered discount policies through their employers.


But disability coverage is still seriously overlooked. Did you know that a working-age person is more likely to become disabled in an accident or from health reasons, than to die because of them?

  • Less than 1/3 of workers have long-term disability coverage.
  • 64 percent of working adults see their homes, savings and cars more valuable than their earnings power, and rely on those to provide for them in the event of disability.
  • Nearly half of workers thought disability coverage for less than one year was adequate, and would rely on other resources if they suffered extended disability.
  • Social Security disability is very hard to qualify for, and is not enough to live on.

Please contact your Rea & Associates representative for more information on this topic.


By - Trista Acker, CPA, CFP (Manager, Dublin Office)

 


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