DISABILITY
Helping You Stay Financially
Stable

Long-Term Disability Insurance Goes to Work When You Can't

Most people don't realize the high risk of becoming permanently or temporarily disabled at some point in their lives. If you were totally disabled and couldn't work as a result of an illness or injury, do you have the resources today to cover your expenses for weeks, months, or even longer?

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How Does Long-Term Disability Insurance Work?

  • It pays monthly income directly to you when you're unable to work because of a covered total disability.
  • You choose the length of time you must be disabled before you start receiving benefits (Elimination Period) and the length of time you would receive benefits.
  • Options include a five-year benefit period or a "to age 67" benefit option.
  • Maximum monthly benefit amounts range from $500 to $20,000, based on your income and occupation.
  • You can customize your coverage with different riders.

Did You Know?

  • Just over 1 in 4 of today's 20-year-olds will become disabled before they retire.*
  • Insurance statistics show that only 9 percent of long-term disabilities actually resulted from serious accidents.**
  • According to a Bureau of Labor Statistics 2014 Study, just 33 percent of the U.S. workforce had long-term disability coverage.

By Owning A Long-Term Disability Insurance Policy, The Monthly Benefit Can Help:

  • Pay your bills
  • Pay your rent or mortgage loan payments
  • Buy groceries
  • Make car payments

Do You Have The Resources Today?

Using Savings

Savings accounts can serve as a temporary safety net, but most people haven't saved enough. A disability policy can provide a longer-term solution. According to the 2014 Consumer Disability Awareness Study, 57 percent surveyed said they had enough savings to pay their bills for 6 months or less.

Collecting Social Security

Because the definition of disability is very strict (the disability must be expected to last 12 months or more, or result in death), 65 percent of all claims submitted are denied. In 2016, the average Social Security benefit amount was $1,166 per month.***

Consider Long-Term Disability Insurance

For additional information on long-term disability insurance or short-term disability insurance, schedule some time with a State Farm™¬†agent to talk about your disability insurance needs.

Disclosure

Disability insurance products are not available in MA, NJ, and RI.

*Social Security Fact Sheet, June 2016
**LIMRA 2015 Disability Awareness Month
***Social Security Publication No. 05-10570, June 2016

The information provides a brief, general description of the coverage provided by these policies. It is not a contract and certain exclusions and limitations apply. A complete statement of the coverage provided is found only in the policy itself. Policy coverages, exclusions, and limitations may vary in some states.

For exact terms and conditions see: Disability Income policies- ICC1697064IC, ICC1697065IC and ICC1697066IC.

State Farm Mutual Automobile Insurance Company
Bloomington, IL

IH-16.3