Regardless of the challenges presented by disability insurance companies to claimants, disability insurance is something that everyone who works for a living should have. During the course of a working life, the likelihood of becoming disabled is higher than the likelihood of dying.
A recent study related by The Hartford, a major disability insurance company, shows a dramatic decline in the number of Americans who lack either short-term or long term disability insurance. Exactly 49% of workers carry short-term disability insurance, while fewer (44%) possess long-term disability insurance, The Hartford’s research found. The decline is likely a result of a tough economy which has forced both employers and their employees to cut costs.
The majority of American workers lack either short-term or long-term disability insurance, and just 25% of workers completely understand the offerings, according to a new study. Only 25% of workers completely understand disability insurance.
The problem is this: 2 million Americans a year become disabled through an illness or an injury, and disability insurance is supposed to serve as a financial safety net. That’s why our disability insurance legal practice is so busy – the safety net for the disabled worker is too valuable to allow it to be denied or delayed without a hard fight.
If you have disability insurance but you don’t understand it and are considering filing a claim, or if you have been denied disability benefits or your claim is being delayed, call our office to learn how we can help protect your financial safety net.