Often statistics go in one ear and out the other. However, I think that these statistics need to go in one ear and stay. These are statistics affect everyone who earns a paycheck.

Lincoln Financial Group released a special advertising supplement in the May 19, 2010 issue of The Wall Street Journal discussing the need for disability insurance. The statistics pinpoint the need for people to insure their paychecks.
• 49% of home foreclosures are caused by a medical reason. 2008 study by Harvard Law School
• 1.5 million Americans are in jeopardy of losing their homes due to medical conditions. 2008 study by Harvard Law School
• 60% of working Americans believe they have a 2% or less chance of being disabled for three or more months. The reality, according to the Social Security Administration (SSA), is as high as 30%.
• Almost 350,000 personal bankruptcies are caused each year by unexpected illnesses or injuries.
• 62.1% of all bankruptcies have a medical cause. Cambridge Hospital/Harvard Medical School
• Only 35% of respondents in a recent Council for Disability Awareness study said they could pay their bills and living expenses for a year or more if they lost their employment income.

The average monthly disability check from the Social Security Administration is only $1,062 and only 3% of checks exceed $2,000and this is after a lengthy wait to receive benefits.

So, have you insured your paycheck? Would you spend 1% to 2% of your paycheck to insure you receive the balance if you became ill or injured? Peace of mind has a price tag, and its not expensive. Talk to your agent or HR representative today. To learn more about disability insurance, go to www.protectyourpaycheck.org.

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