Duration of Disability

Why should you consider long term disability insurance? Ninety days is a long way to go without income. That would most likely put a serious drain on savings. One’s credit might suffer.

Chances are that a disability that lasts at least 90 days will extend much longer. Here are some statistics:

Average Duration of a Long Term Disability at Various Ages
(Disabilities lasting 90 days or more)

Age at Beginning
of Disability

Duration

25
2 years, 2 months
30
2 years, 8 months
35
3 years, 1 months
40
3 years, 6 months
45
3 years, 11 months
50
4 years, 2 months
55
4 years, 5 months

Source: 1985 Commissioners’
Disability Individual Table A

 

 

For more statistics about disability, check these pages:

Disability statistics
Disability insurance facts

Likelihood of death versus a long term disability

What is the likelihood of disability occurring?

See recent examples of actual disability insurance claims

About 

    Find more about me on:
  • googleplus