disability insurance-statistics

Empire Solutions

Disability Occurrence Rates

What are the chances you will become disabled from earning a living?

  • Approximately 3 in 10 workers entering the workforce today will become disabled before retirement.

            - Social Security Administration, Fact Sheet, January 31, 2007

  • In the last 10 minutes, 498 Americans became disabled.

            - National Safety Council®, Injury Facts® 2008 Ed.

  • In the U.S., a disabling injury occurs every second, a fatal injury occurs every 4 minutes.

           - National Safety Council, Injury Facts 2008 Ed.

  • 51.2 million Americans have some level of disability. They represent 18% of the population.

           - U.S. Census Bureau, July, 2006

  • Accident or illness will force 1 in 5 U.S. employees to miss work for at least a year before they turn 65. - 2005 Field Guide to Estate Planning, Business      

             Planning & Employee Benefits, by     Donald Cady

  • 43% of all people age 40 will have a long-term disability event prior to age 65.

             - JHA Disability Fact Book, 2006

  • The average long-term disability absence lasts 2½ years. - JHA Disability Fact Book, 2006

Few Are Prepared for a Disability

  • 71% of American employees live from paycheck to paycheck. - American Payroll Association, "Getting Paid in America" Survey, 2008

  • Over 50% of the workforce has no private pension coverage and a third have no retirement savings.

  • - Social Security Administration, Fact Sheet 2007

  • Over 100 million workers are without private disability income insurance.- Council for Disability Awareness, Long Term Disability Claims Review, 2005

  • 70% of the private sector workforce has no long-term disability insurance. - Social Security Administration, Fact Sheet January 31, 2007

The Financial Consequences of a Disability

How long can you and your family afford to go without a paycheck?

  • Unexpected illnesses and injuries cause 350,000 personal bankruptcies every year. - "Illness and Injury as Contributors to Bankruptcy" Health Affairs, February 2, 2005

  • Harvard University reports that 62 percent of all personal bankruptcies filed in the U.S. in 2007 were due to the inability to pay for medical expenses.

  • Disability causes nearly 50% of all mortgage foreclosures, while 2% are caused by death. - Health Affairs, the Policy Journal of the Health Sphere, 2 February 2005

  • In 2007, the employment rate of working-age people with disabilities in the U.S. was 36.9%. - U.S. Census Bureau, American Community Survey, 2007

The Social Security & Workers' Compensation Misconception

  • Can your family live on $1004 a month? That's the average monthly benefit paid by Social Security Disability Insurance (SSDI).- Social Security Administration, Fact Sheet 2008

  • More disability claims are denied than approved. More than half of the 2.1 million workers who applied for SSDI benefits in 2005 were denied. Less than half - 39% - were approved. - Social Security Administration, Office of Disability and Income Security Programs

  • Only 10% of disabling accidents and illnesses are work related. The other 90% are not, meaning Workers Compensation doesn't cover them. - National Safety Council, Injury Facts 2008 Ed.

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Corona, CA 92880

Phone. 909-224-7200

Email. nicole@empiresolutions.org