home > client services > insurance services > disability insurance

Disability Insurance

Why do you need Disability Insurance?

Its human nature – most of us don’t want to think about getting sick or injured and struggling financially because we are unable to work. Yet, it is a possibility we all must consider, especially since disability is a common – and growing – problem, and personal savings rates are at historic lows.

Take a moment to think about these facts:

- A 20-year-old worker has a 3-in-10 chance of becoming disabled before reaching retirement age. (www.socialsecurity.gov/dibplan)

- In 2009, 24% of workers who filed a disability claim were under the age of 40 (Council for Disability Awareness, 2010 CDA Long-Term Disability Claims Review, www.disabilitycanhappen.org/research/CDA_LTD_Claims_Survey_2010.asp)

- A disabling injury occurs every three seconds in a public setting and every four seconds in the home. (National Safety Council, “Injury Facts,” 2007 Edition)

- In 2009, only 35% of workers applying for Social Security Disability Insurance (SSDI) disability claim payments were approved. (Council for Disability Awareness, 2010 CDA Long-Term Disability Claims Review, www.disabilitycanhappen.org/research/CDA_LTD_Claims_Survey_2010.asp)

- A new Harvard University report reveals that 62 percent of all personal bankruptcies filed in the U.S. in 2007 were due to an inability to pay for medical expenses. (The American Journal of Medicine, June 4, 2009)

Types of Disability

When you think disability, do you think “accidents”? If so, you’re in for a surprise. The leading sources of new disability claims are cancer, heart disease, back and spine problems, diabetes, and depression. (Council for Disability Awareness, 2010)

- Musculoskeletal/Connective Tissue 26.2%

- Cancer and Neoplasms 15.3%

- Cardiovascular/Circulatory 8.9%

- Injuries and Accidents 8.8%

- Mental Disorders 7.8%

- Complications of Pregnancy & Childbirth 7.5%

Internet Marketing Firm: Full Media

Guardian, its subsidiaries, agents, or employees do not provide tax or legal advice. The Associates of Ashford Advisors, Inc., are not licensed to sell insurance in all 50 states. To find out if an agent is licensed in your state, please contact Johnny Howard at 770 390-2600. The Registered Representatives are securities licensed in Georgia, Florida, Alabama, Mississippi, South Carolina, North Carolina, Tennessee, Virginia, New York, Colorado, Arizona, Michigan, Illinois and Nevada and is strictly intended for individuals residing in those states. No offers may be made or accepted from any resident outside these specified states. The information or opinions contained in this Internet site should not be construed by any consumer and/or prospective client as an offer to sell or the solicitation of an offer to buy any particular investment product. The information contained herein is directed solely to those individuals who reside in jurisdictions in which the representative is registered in the state where the consumer and/or prospective client reside. Any subsequent direct communication with a consumer and/or prospective client shall only be conducted by a representative that is registered in the state where the consumer and/or prospective client reside. The information on this web site is designed to be general in nature and for educational purposes only. Guardian, its agents and employees do not give tax or legal advice.

The Living Balance Sheet® and the Living Balance Sheet® Logo are registered service marks of The Guardian Life Insurance Company of America (Guardian), New York, NY. The graphics and text used herein are the exclusive property of Guardian and protected under U.S. and International copyright laws. © Copyright 2005-2009, The Guardian Life Insurance Company of America

* Registered Representative of Park Avenue Securities LLC (PAS), Two Ravinia Drive, Suite 750, Atlanta, GA 30346. Securities products and services offered through PAS, (770) 390-2600. Financial Representative, The Guardian Life Insurance Company of America (Guardian), New York, NY. PAS is an indirect, wholly owned subsidiary of Guardian. Ashford Advisors is not an affiliate or subsidiary of PAS or Guardian.
PAS is a member FINRA, SIPC.

** Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS), Two Ravinia Drive, Suite 750, Atlanta, GA 30346. Securities products/services and adv isory services are offered through PAS, a registered broker-dealer and investment advisor, (770) 390-2600. Financial Representative, The Guardian Life Insurance Company of America (Guardian), New York, NY. PAS is an indirect, wholly owned subsidiary of Guardian. Ashford Advisors is not an affiliate or subsidiary of PAS or Guardian.
PAS is a member FINRA, SIPC.

Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal or investment advice. Although the information has been gathered from sources believed reliable, please note that individual situations can vary, therefore the information should be relied upon when coordinated with individual professional advice.

Disability Income and Long Term Care products underwritten and issued by Berkshire Life Insurance Company of America, Pittsfield, MA, a wholly owned stock subsidiary of The Guardian Life Insurance Company of America, New York, NY. Products not available in all states. Product provisions and features may vary from state to state.

Guardian does not offer Property and Casualty insurance products or services.