For a worker who becomes disabled, the difference between having disability insurance or not having it could mean the difference between staying in their home or living a bare-bones lifestyle.
However, the benefits of DI insurance can go beyond financial protection. A survey from the Consumer Federation of American and Unum Group Corp. found recipients had social, psychological and health-related benefits, too.
Continue to the next page to read more about the added benefits of disability insurance.
|Courtesy: Consumer Federation of American and Unum Group|
1. Disability insurance helps maintain a healthy emotional outlook.
Eighty-eight percent of recipients agreed that disability benefits helped them maintain a healthy emotional outlook.
Recipients were also able to maintain their self-esteem as a provider for their family (77 percent). Knowing their family would be provided for from the benefits reduced recipients’ feelings of stress (76 percent).
One recipient had this to say: “I probably would have gone off the deep end. My whole life was working. I think it probably saved my mental health as well. It would have been too much to bear with the health problems I have.” —Single female, 50+
2. Disability insurance helps maintain healthy relationships.
Recipients who were married or in a relationship said they were able to avoid strains on the relationship (77 percent) thanks to the LTD payments.
Benefits also helped their relationships with friends and family, in addition to being able to maintain their social life (65 percent).