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Date Posted: Sun, January 18 2004, 17:11:12
Author: Brent D. Gardner, ChFC
Subject:

Disability Statistics

In a speech to Congress, President Bush cited that there are more than 50 million Americans with disabilities.
Source: Address to a joint session of Congress, February 2001

2.2 million people became disabled in automotive accidents alone in 1999.
Source: Injury Facts, 2000 National Safety Council

Nearly half of the one million Americans who filed for bankruptcy protection last year did so after being sidelined with an unexpected illness or injury. And, the vast majority of those people had medical insurance.
Source: New York Post, 4/30/2000

48% of all home foreclosures are the result of disability, while only 3% of all foreclosures result from death.
Source: Housing and Home Finance Agency of the U.S. Government, 1998

Surprisingly, disability is a bigger hardship because so few people plan for it. Three quarters of all U.S. households owned life insurance policies in 1999, but only 40% carried disability coverage.
Source: Wall Street Journal Sunday �In Case of Illness�Putting Together The Disability Coverage You Need,� Steven Swartz, October 2000

People are more likely to become disabled than to die during their working years.
Source: Society of Actuaries 1985, CIDA Table

During the course of your career, you are three and a half times more likely to be injured and need disability coverage than you are to die and need life insurance.
Source: Health Insurance Association of America, 2001

Leading contributors to disability burden are road traffic accidents, alcohol use, cardiovascular disease, major depression, and ischemic heart disease.
Source: Mental Health: A Report of the Surgeon General; World Health Organization, 1999; Business & Health, April 2000

At age 35, you have a 50-50 chance of being unable to work for more than 3 months before you turn 65.
Source: Society of Actuaries; Money Magazine, April 2000

The odds that:

-- You will have a disabling accident: 1 in 21
-- You will have a fire: 1 in 16

Source: Field Guide 2001; National Safety Council; World Almanac

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