What To Tell Employees About
Voluntary DI Protection
It goes without saying that employees who have been hit with increasing financial responsibility for their benefits packages arent very happy about these increased costs. But the skyrocketing cost of health benefits certainly isnt news to most employees. They know that their companies are struggling with these costs and most simply want their employers to lay out the facts for them.
Voluntary disability income protection is one of those products that can be extremely popular when employees understand the facts. We advise our independent brokers and the human resources departments to which they sell to communicate to employees these 8 reasons to consider voluntary disability income protection:
1. Disability is more common than you think. The likelihood of suffering a serious disability between the ages of 35 and 65 is one in three, according to the American Council of Life Insurers.
2. Disabilities arent just the result of accidental injury. Common chronic health conditions such as back disorders, heart disease and arthritis can limit your ability to work.
3. As you get older, your chances of having a work disability increase. If you are 45, your chances of having a work disability are 3 times as high as someone in their early 20s. By the time you are in the 55 to 64 age group, you have a 23% chance of having a disability that affects your ability to work. (See Chartbook on Work and Disability in the United States, 1998, U.S. Department of Education.)
4. Disability insurance covers you when workers compensation doesnt. It provides income when you are disabled due to a covered sickness or injury. Partial disabilities can be covered, too.