Most Americans Unprepared for Disability, Survey Finds

A majority of Americans "are not prepared to deal with the possibility of becoming disabled and, in turn, unable to work," says a survey released Feb. 28 by the National Association of Insurance Commissioners. It found 56 percent of U.S. adults said they would be unable to pay their bills or meet expenses if they became disabled and could not work for a year or longer. International Communications Research conducted the survey for Kansas City, Mo.-based NAIC.

Only 13 percent of respondents said it was somewhat or very likely they would become disabled and unable to work, but data from the Social Security Administration indicates 20 percent of the population will become disabled for a year or more before reaching age 65. NAIC said the findings illustrate the need for long-term disability insurance. While 44 percent of respondents said they had long-term disability coverage, 71 percent of them said this insurance was employer-provided.

"Many people don't think about the impact becoming disabled can have on their ability to earn a living and remain financially independent," said Walter Bell, NAIC's president and Alabama's insurance commissioner. "Understanding the role of disability insurance at each life stage is critically important to one's total financial security." NAIC provides information on disability insurance for consumers at Insure U (www.InsureUonline.org).

Download Center

  • Safety Metrics Guide

    Is your company leveraging its safety data and analytics to maintain a safe workplace? With so much data available, where do you start? This downloadable guide will give you insight on helpful key performance indicators (KPIs) you should track for your safety program.

  • Job Hazard Analysis Guide

    This guide includes details on how to conduct a thorough Job Hazard Analysis, and it's based directly on an OSHA publication for conducting JHAs. Learn how to identify potential hazards associated with each task of a job and set controls to mitigate hazard risks.

  • A Guide to Practicing “New Safety”

    Learn from safety professionals from around the world as they share their perspectives on various “new views” of safety, including Safety Differently, Safety-II, No Safety, Human and Organizational Performance (HOP), Resilience Engineering, and more in this helpful guide.

  • Lone Worker Safety Guide

    As organizations digitalize and remote operations become more commonplace, the number of lone workers is on the rise. These employees are at increased risk for unaddressed workplace accidents or emergencies. This guide was created to help employers better understand common lone worker risks and solutions for lone worker risk mitigation and incident prevention.

  • EHS Software Buyer's Guide

    Learn the keys to staying organized, staying sharp, and staying one step ahead on all things safety. This buyer’s guide is designed for you to use in your search for the safety management solution that best suits your company’s needs.

  • Vector Solutions

Featured Whitepaper

OH&S Digital Edition

  • OHS Magazine Digital Edition - May 2022

    May 2022

    Featuring:

    • WEARABLE TECHNOLOGY
      How Wearable Technology is Transforming Safety and the Industrial Workplace
    • TRAINING: CONFINED SPACES
      Five Tips to Improve Safety in Confined Spaces
    • INDUSTRIAL HYGIENE
      Monitor for Asbestos to Help Save Lives
    • PPE: FALL PROTECTION
      Fall Protection Can Be Surprising
    View This Issue