May is Disability Insurance Awareness Month, so the Robin S. Weingast & Associates Team has been reading up on the latest trends and news on this important topic. We’ve discovered some interesting insights we want to pass along to you!
1) Only 1/3 of Americans have disability insurance, and many are doing without it because their employer doesn’t offer it, according to a new survey by OneAmerica and the Harris Poll. The survey of 2,100 U.S. adults, revealed that among employed Americans who do not have short- or long-term disability insurance provided by their employer, 43 percent say the reason is because their employer does not offer it. Click here to learn more about what the survey found and what the forecast looks like for disability insurance in the United States.
2) According to the Social Security Administration, just over one in four 20-year-olds will become disabled by age 67, yet disability insurance is often last on the list of priorities for this generation. This interesting piece breaks down why millennials should seriously consider disability insurance, and how to evaluate employment opportunities based upon available disability options. Click here to read “Why Some Millennials Need Disability Insurance”