fbpx
Your source for the latest health, disability and Insurance news and tips

The importance of group disability insurance

No matter if you are a company owner, human resources professional or employee, you need to learn as much as you can about the types of group disability insurance that are available.

Some people believe that purchasing group disability insurance is too expensive. Some employees wonder if they qualify or if they should spend the money on this type of coverage. As you learn more about the risks and statistics associated with a disability, what you believed in the past may not be what you believe in the future.

Most disabilities are caused by an illness as opposed to an accident. This can include but is not limited to cancer and musculoskeletal system diseases.

Here are some statistics, courtesy of The Standard, associated with the risks of disability:

— Approximately 25 percent of 20-year-olds will face a disability before reaching the age of 67.

— The average group disability insurance claim lasts for 34.6 months.

— 69 percent of those in the private workforce are not protected by long term disability insurance.

Statistics such as these show the importance of group disability insurance, both from the perspective of an employer as well as an employee.

Even when a person has the appropriate level of group disability insurance coverage, they never hope to be in a position to use it in the future. If this does happen, however, it is nice to know that you can collect money until returning to your previous level of health.

If a group disability insurance provider denies a claim, it is a must to learn more about your rights and how to fight this.

Source: The Standard, “Group Long Term Disability” Oct. 06, 2014

Our Promise To Our Clients:

  • FREE: Consultations and Insurance Case Evaluations Are Always Free
  • UNDERSTANDING: We understand how you feel. Our clients are often at the very bottom of their life, feeling emotionally, physically, and financially exhausted.
  • PASSIONATE PEOPLE: Our expert Attorneys and Dedicated Staff Love The Work We Do. We are Compassionate, Caring, and Results Driven.
  • UNPARALLELED RESOURCES: We will not be bullied or outspent by billion-dollar insurance companies or their army of lawyers. 
  • RESPECTED: We have fought and won the respect of every disability and Long-term care insurance carrier for our policyholders.
  • RESULTS: Frank Darras and his firms have recovered nearly a $1 billion dollars in wrongfully denied insurance benefits to date, and we put that proven track record to work for you and your family.

DarrasLaw is Americas' most honored and decorated disability litigation firm in the country. Mr. Darras has seen more, evaluated more, litigated more, and resolved more individual and group long term disability and long-term care cases than any other lawyer in the United States.

Request a Free, Confidential Case Review.
Skip to content