1. Nearly 50% of all individuals 35 or younger will be disabled for 90 days or longer prior to age 65.
-Source: 1985 Commissioners Individual Disability Table A, as reported in "Best's Policy Reports," February 1999
2. Approximately 30% of all people age 35 - 65 will suffer a disability for at least 90 days, and about 1 in 7 can expect to become disabled for 5 years or more.
-Source: Health Insurance Association of America; The New York Times, February 2000; As published in The JHA Disability Fact Book, 2003 Edition
3. Consider the odds...During your working years it is more likely you will face a disability than die. In fact, at no age is the risk of death greater than the risk of becoming disabled. For a male, age 35, the odds are nearly 2 to 1; for a female, age 35, almost 3 to 1.
What are my chances of suffering a long term disability (one lasting more than 90 days prior to age 65)? And if I do, what is the average length of the disability?
|
Your Age |
Chances of suffering a long term disability |
Average length of disability |
|
30 |
51% |
4.7 years |
|
35 |
48% |
5.1 years |
|
45 |
40% |
5.8 years |
|
50 |
34% |
6.2 years |
Source: Commissioners Individual Disability Tables, CSO/Society of Actuaries, the National Safety Council, and/or The Million Dollar Round Table.
If my disability has lasted 1 year, what is the probability the disability will last:
|
Your Age |
1 More Year |
2 More Years |
5 More Years |
|
25 |
67% |
57% |
47% |
|
35 |
76% |
67% |
57% |
|
45 |
79% |
72% |
62% |
|
55 |
81% |
73% |
62% |
Source: Commissioners Individual Disability Tables, CSO
Conclusion:
Death is inevitable, but disability is more financially devastating.
