May is the month to bring awareness to Disability Insurance and how it can help you plan for life’s “what if?” moments. In preparation for Disability Insurance Awareness Month or DIAM, we’ve created a series of blog posts to help you get informed and educated on why it's important to consider Disability Insurance. In this post, we share key statistics that show how disabilities can impact anyone and why that could affect your income.
Your home, your vehicle, and your personal property are valuables in your life that you take measures to protect. Yet what about the source that funds it all? Your income provides you with the means to do so much in your life. What would happen if that income stopped? It may surprise you, but disabilities are more often caused by illnesses than by accidents. Illnesses such as cancer, heart disease, muscle, back, and joint problems make up 90% of the leading causes of disabilities, while accidents make up only 10%.1 Unfortunately, there is no promise that you will always be in the best of health to work.
That’s when disability income insurance enters the picture. It’s one of the key tools in helping to protect your income when you need it the most. At Ashford Advisors, we want to help you establish security for your future.
Check out this helpful infographic that shows the importance of your paycheck and why disability income insurance should be part of your overall financial strategy.
1Council for Disability Awareness, Long Term Disability Claims Review, 2014
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