Off-the-job disabilities can threaten an individual's financial well-being. Consider:
- One of every two foreclosures is due to a disability. While many people have life insurance to protect them, disabilities are 16 times more likely than death to cause mortgage foreclosure. (National Safety Council, Accident Facts)
- 64% of all disabilities are not work-related and fall outside the scope of Workers' Compensation. (National Safety Council, Accident Facts)
Disability can also threaten employers, who face lower productivity, higher costs due to absenteeism, and quite possibly, customer dissatisfaction from reduced service:
- The total costs of disability are between 8% and 12% of payroll. (Watson Wyatt)
- Disability costs are growing at a rate of 8% per year. (U.S. Census Bureau, Spencer's Research Reports)
- Over the next ten years, the aging Baby Boomer generation work force is predicted to spark a 37% increase in the incidence of disability. (Social Security Administration, Spencer's Research Reports)
