Disability Planning

Disability planning doesn’t need to be confusing, scary, or ignored

When it comes to thinking of and planning for events in our lives that remind us of our mortality, it can become frightening, confusing, and easily pushed aside. But it doesn’t have to be. The experts at Brokerage Solutions, Inc. are here to help guide you through the process of Disability Planning. They will assist you with getting the best disability protection coverage available to you for your individual situation and to fit within your budget.

Protect your finances

The goal of Brokerage Solutions, Inc. is to help provide protection for the foundation of your financial plan through proper Disability Planning. Our brokers work with individuals and groups, from one life to thousands of lives, to design plans that will fit their needs affordably.

What will your future hold?

You cannot predict the future, but you can make decisions today to protect against the real-world risks of tomorrow.

Chances of Becoming Disabled

• Just over 1 in 4 of today’s 20 year-olds will become disabled before they retire.₁
• Over 18 million working age Americans, aged 18-64, are classified as disabled.₂
• 61% of wage earners surveyed personally know someone who is disabled and unable to work for 3 months or longer.₃
• The average long-term disability claim duration is 31.2 months.₄
• The actual odds of a worker entering the workforce today becoming disabled for 3 months or more are about 30%. ₁

Disability Causes Severe Financial Hardship

• 60% of adult Americans have no savings earmarked for emergencies.₆
• 71% of Americans would find it very difficult to meet their current financial obligations if their next paycheck was delayed one week.₇
• About 100 million workers are without private disability income insurance.₁
• 67% of workers have no long-term disability insurance.₁
• 95% of disabling accidents and sicknesses are not work related; meaning worker’s compensation does not cover them.₅

<sub>1. Social Security Administration, Fact Sheet March 18, 2011
2. U.S. Census Bureau
3. CDA Disability Divide proprietary research March 2010, http://www.disabilitycanhappen.org/research/consumer/
4. 2010 Gen Re Disability Fact Book
5. Council for Disability Awareness, Long-Term Disability Claims Review, 2011 http://www.disabilitycanhappen.org/research/CDA_LTD_Claims_Survey_2011.asp
6. Federal Reserve Board, Survey of Consumer Finances, 2007
7. American Payroll Association, “Getting Paid in America” Survey, 2008</sub>