Disability Insurance

Did you know that May is Disability Insurance Awareness Month?

Here are a few facts about disability:

1. Most people think disabilities are caused by accidents. But the truth is that musculoskeletal problems and diseases are far more likely to keep you out of work for three months or longer. How will you meet your expenses if back problems or an illness keep you from earning a living?
2. The average disability keeps people from earning a paycheck for 31.2 months. Do you have enough savings to cover your expenses for more than two years?
3. Can your family live on $1,065 a month? That’s the average monthly benefit paid by Social Security Disability Insurance (SSDI) in June of 2010.
4. Did you know that women are more likely to experience a disability than men? Learn more at disabilitycanhappen.org
5. In May alone, 382,628 American workers will experience a long-term disability. How will you pay your bills if you are unable to work?
6. A 30-year old making $30,000 today is likely to earn $1,813,862 before retiring. Is your income protected? Learn more at www.whatsmyeiq.org

 Jim Boyd is a Certified Financial Planner® and Managing Partner with Devon Financial Partners, located in Devon Square Two. Click here for a link to his website. www.devon-financial.com