Tens of millions of U.S. workers are still one serious illness or injury away from financial disaster.
Insurance groups and companies are driving that point home in reports released to draw attention to the Disability Insurance Awareness Month campaign, which started May 1.
The Life and Health Insurance Foundation for Education, Arlington, Va., reports that only 48% of the workers who participated in a recent survey it commissioned said that it is imperative to have disability income insurance.
One-quarter of the survey participants admitted that they do not know whether they have employer-sponsored disability insurance, and 41% of the participants who said they do have employer-sponsored disability insurance do not know how much the coverage would pay if they became disabled.
About 22% of the participants seem to believe that the employer-sponsored coverage would replace a higher percentage of their income than it really would, LIFE reports.