It seems like something
that doesn't happen very often. You suffer an
illness or injury that prevents you from working
for an extended period of time - six months,
a year, even five years. Sounds rare, doesn't
it? It's not.
Note.
On average, you have a one in five chance of
becoming disabled between the ages of 35 and
65. You have a one in seven chance of becoming
disabled for at least five years before you
turn 65. If you are 30, you have a one in three
chance of incurring a long-term (at least 90
days) disability before you turn 60. At age
40, the odds are three in 10. At 50, it's less
than one in five.
You actually have
a far greater chance of becoming disabled during
your working career than you do of dying. The
chances of disability vs. death are more than
six times greater for younger workers. Yet far
more Americans buy life insurance than they
do a policy that can replace income lost because
of a disability.
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