Disability insurance asset protection Disability Insurance is designed to protect a person's financial security if they suddenly become unable to work. People who are disabled, make less than $18,000 a year, who have a hazardous occupation, or have a health condition, do not quality for disability insurance. When making a decision regarding disability insurance, consider the following: • 1993 - Social Security denied 55 % of 1.4 million applications it received. • 1998 - only 35% of Social Security disability claims were approved. • Over 5 months must pass before Social Security will pay on an approved claim • Social Security requires that you cannot perform "any" gainful work. • Social Security demands that the disability must last at least 12 months. • Between the ages of 35 and 65 seven out of ten people will become disabled for 3 months or longer • One out of seven employed people will be disabled for 5 years or more before age 65 • Average long-term loss due to disability is over 5 years. • Average American household only has two months worth of savings in reserve. • Workers compensation coverage only covers injuries that occur on the job If you are the primary wage earner for yourself and your household, imagine for a minute what life would be like if that income was no longer there. This scenario is much worse than being laid off or having temporarily suffered a loss of job where there is a strong conviction to find alternative work. All of your monthly bills from groceries to mortgage payments would still be due, month after month. A disability that prevents the income that you have come to rely on could be a serious financial threat to your family. It will immediately jeopardize your feature and will quickly threaten your present lifestyle. Disability insurance will protect you and your family from this potentially frightening situation.

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