Are you playing the odds with disability?


Are you playing the odds with disability?

1 in 4.

Does that seem like good odds?

That’s how many of today’s 20-year-olds will be disabled by the time they’re 67, according to the Social Security Administration.

Yet most people underestimate their chances of being unable to work because of an injury or illness. Take a look at how the odds of you becoming disabled during your working years stack up against some other odds, according to the Council for Disability Awareness.

  • 1 in 33: Odds of having twins.
  • 1 in 100: Odds of being audited.
  • 1 in 12,500: Odds of hitting a hole-in-one.
  • 1 in 1.2 million: Odds of being struck by lightning this year.
  • 1 in 10 million: Odds of becoming President of the United States.
  • 1 in 259 million: Odds of winning the big lottery.

Your ability to earn your income is your most valuable asset. It helps you finance some of the most important-things in your life: your home, lifestyle, children’s education and your retirement, among many other things.

But what would you do if you suddenly got sick or injured and couldn’t work? Do you have enough savings to help you get by? Or are you like the two-thirds of American workers who would find it difficult to meet their financial obligations if their paycheck were delayed just one week?

Disability insurance can help. Disability insurance can pay you money if you are sick or hurt and can’t earn a paycheck. In fact, next to major medical insurance, it’s probably the most important type of financial protection to have.

So? Are you gambling on the right odds?