- The average duration of a long-term disability is 30 months.
– JHA Disability Fact Book, 2006
- Nearly 1 in 5 Americans will become disabled for 1 year or more before the age of 65.
– Life and Health Insurance Foundation for Education. November 2005
- Three out of 10 workers between the ages of 25 and 65 will experience an accident or illness that keeps them out of work for 3 months or longer.
– Social Security Administration, Fact Sheet, January 31, 2007
- Nearly 1 in 3 Americans ages 35-65 will become disabled for more than 90 days
– 2005 Field Guide to Estate Planning, Business Planning & Employee Benefits, by Donald Cady
- Disability claims are lasting longer than in the past. Companies attribute this to several factors: the poor economic climate, the relatively greater severity and complexity of disabling conditions compared to those in the past, and the difficulty in returning qualified, willing claimants to work when few jobs are available for them to return to. The aging of the U.S. workforce may also be a factor.
– 2011 Long-Term Disability Claims Review, Council for Disability Awareness
You should expect to pay about 1-3% of your gross income on an individual disability policy.