Disability Statistics

Disability Statistics

The Need for Income Protection

The average worker faces a three in ten chance of suffering a job loss lasting 90 days or more due to a disability.

Facts from LIMRA, 2016 Disability Awareness Month | View

The top 5 leading cuases of a disability are Musculoskeletal/Connective Tissue, Cancer and Neoplasms, Injuries and Poisoning, Mental Disorders, Cardiovascular/Circulatory and Nervous System-Related claims.

2014 Long Term Disability Claims Review, Council for Disability Awareness | View

A survey of 2,031 adults found that 37% are very concerned about financial support if they were to become disabled.

2017 Insurance Barometer Study, Life Happens, and LIMRA | View

As of 2015, 12.6% of the United States population lives with a disability.

2016 Disability Statistics Annual Report, Institute on Disability/UCED | View

A majority of consumers worry about facing a disability, but only one-third have disability insurance.

Facts from LIMRA, 2016 Disability Insurance Awareness Month | View

When it comes to working Americans, 72% agree most people need disability insurance, 55% agree they need disability insurance, but only 33% actually own disability insurance.

Facts from LIMRA, 2016 Disability Insurance Awareness Month | View

Less than half of all employees (47%) are confident that their needs, and the needs of those who depend on them for financial support, would be met if they were to become disabled or die.

PwC Employee Financial Wellness Survey—2016  | View


The Retirement Savings Conversation

55% of employed adults said not having enough emergency savings for unexpected expenses was their top financial concern.

PwC Employee Financial Wellness Survey—2016  | View

60% of working women and 50% of working men cited not having enough emergency savings for unexpected expenses.

PwC Employee Financial Wellness Survey—2016  | View

40% of employees have saved less than $50,000—as a household—for retirement.

PwC Employee Financial Wellness Survey—2016  | View

More than one in four (26%) employees aren't currently saving for retirement.

PwC Employee Financial Wellness Survey—2016  | View

Less than 5% of working Americans have disability coverage to help fund their retirement plan.


The Habits of Business Owners

64% of business owners don't have business protection for disability.

2016 Principal Financial Group® Business Owner Survey, conducted by Harris Interactive

67% of business owners don't have individual disability income insurance to protect themselves if they become too sick or hurt to work.

2016 Principal Financial Group® Business Owner Survey, conducted by Harris Interactive

Of those business owners with a succession plan, having a plan in place in case of a disability (54%) is the second most common event to plan for behind death (66%).

2016 Principal Financial Group® Business Owner Survey, conducted by Harris Interactive

Only 18% of succession plans are funded with disability buy-out insurance.

2016 Principal Financial Group® Business Owner Survey, conducted by Harris Interactive

70% of business owners with a succession plan have reviewed it within the past two years.

2016 Principal Financial Group® Business Owner Survey, conducted by Harris Interactive