Central Income Security

Central Income Security

An Individual Disability Policy for Worksite

WHAT IS INCOME PROTECTION? Income Protection is a Disability Income Insurance Policy that provides a monthly disability benefit payable to an insured employee in the event of a total disability resulting from an off-the-job, covered accident or sickness. THE NEED FOR DISABILITY PROTECTION Have you thought about how you would handle day-to-day living expenses if you could not work for a few weeks or even months due to a disability? » 64% of wage earners believe they have a 2% or less chance of being disabled for 3 months or more during their working career. The actual odds for a worker entering the workforce today are about 30%. 1 & 2 » Almost one-third of Americans entering the work force today (3 in 10) will become disabled before they retire. 1 THE FINANCIAL IMPACT OF NOT HAVING INSURANCE » Medical problems contributed to half of all home foreclosure filings in 2006. 4 » Medical problems contributed to 62% of all personal bankruptcies filed in the U.S. in 2007, a 49.6% increase over results from a similar 2001 study. 3

Sources for statistics: 1 Social Security Administration, Fact Sheet January 2009. 2 CDA proprietary research March 2010. 3 The American Journal of Medicine, June 4, 2009 Medical Bankruptcy in the U.S., 2007: Results of a National Study. 4 Get Sick, Get Out: The Medical Causes of Home Mortgage Foreclosures; August 8, 2008.

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