You, disabled? What are your chances? Higher than you probably think. You can ignore the problem, but it’s hard to ignore the facts:

Just over 1 in 4 of today’s 20-year-olds will become disabled before they retire.1

Accidents are NOT usually the culprit. Back injuries, cancer, heart disease, and other illnesses cause the majority of long–term absences.

Are you prepared if it happens to you? Probably not. If you’re like most Americans, you don’t have disability insurance. Or enough emergency savings to last 34.6 months.2 Yes, that’s the duration of the average long–term disability claim.

Imagine: you’re suddenly unable to work. Without an income, you quickly exhaust your savings, undermining your family’s financial security. The money you’ve managed to put away for a vacation, the kids’ education, and your own retirement now has to be spent on gas, groceries, and other necessities. The worry is suffocating. The stress and sleepless nights can seem unbearable.

Worse, it could continue for a long time. Since long-term disability lasts 34.6 months, on average, the long-term financial impact can be devastating. Many Americans live paycheck to paycheck. There’s little or no money left for unexpected emergencies like an injury or illness – the primary causes of disability.

Start planning today so you’ll be ready tomorrow. Use our online disability calculator and our other resources to find how Disability Insurance can help provide one piece to your financial wellbeing.

1“The Faces and Facts of Disability,” Social Security Administration, 2021.
2“Are You Underestimating Your Need for Disability Insurance?” Kiplinger, September 9, 2020.

This information is courtesy of New York Life Insurance Company, used with permission. It is intended exclusively for general information only. ©2021, New York Life Insurance Company. All rights reserved.